Iran: Brussels speaks of an energy price crisis and admits to short-term measures

Monday, 16 March 2026RSS
Iran: Brussels speaks of an energy price crisis and admits to short-term measures

The European Commission stated on Monday, the 16th, that the European Union is facing an energy price crisis due to the conflict in the Middle East, while ruling out structural changes to the energy system. European Energy Commissioner Dan Jørgensen noted that while there is no supply crisis, the high prices require targeted, short-term interventions. The situation follows military escalation in the Middle East, including the death of Ayatollah Ali Khamenei and the closure of the Strait of Hormuz, which has triggered concerns about global energy market volatility and rising costs for European consumers.

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