The European Commissioner for Economy stated that potential taxes on windfall profits from energy companies, as requested by Portugal, could generate additional revenue, while warning of deep economic uncertainty due to the conflict in the Middle East. The Commission is currently reviewing a request from the Portuguese Finance Minister and his counterparts from Germany, Spain, Italy, and Austria to create an EU-wide tax on energy windfall profits, similar to 2022 crisis measures. Commissioner Valdis Dombrovskis noted that while energy tax relief can provide immediate benefits, it must be balanced against long-term goals and fiscal costs. The Commission will provide a detailed assessment of the macroeconomic impact of the conflict in the upcoming European Semester spring cycle.