World · 1 April 2026
No Quick Relief on Europe's Soaring Fuel Costs
Lukasz Kobus / European Union via Wikimedia Commons (CC BY 4.0)
Europe's oil and gas prices have surged 60–70% since the Iran war began and will not quickly return to normal, even if peace is declared tomorrow. EU Energy Commissioner Dan Jørgensen made the warning from Nicosia, Cyprus, after meeting EU energy ministers. Europe's fossil fuel import bill has already jumped 14 billion euros since the war started.
Reported by Deccan Chronicle · How we write briefs