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EU ministers seek united strategy on energy price crisis
European Union finance ministers will on Friday seek to coordinate their response to the energy price surge due to the Iran war, ensuring that the measures aid the vulnerable and move Europe further away from fossil fuels, while keeping the fiscal cost and demand in check.
Oil and gas prices have spiked since the US-Israeli strikes on Iran began on February 28th, creating a price shock similar to the energy crisis Europe went through after Russia invaded Ukraine in 2022, even as EU countries are now getting a lot more energy from renewable sources.
“EU-level coordination is…