EU Warns of Energy Crisis and Calls to Cut Demand
The European Union's Energy Commissioner, Dan Jørgensen, warned of an approaching energy price crisis as a result of Iran's war impacts on oil and gas markets, urging member states to take measures to reduce energy demand. He noted that the bloc is facing a "price crisis linked to a supply crisis" and that preparations for winter must be intensified by maintaining gas reserves and reducing consumption, with the aim of mitigating the effects of rising prices and the cycle of supply shortages on European energy markets.
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