EU publishes measures to address impact of Iran war on energy market

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The European Commission has proposed a series of measures to address the impact on the region’s energy markets from the US-Israeli war with Iran, Reuters reports.

The Commission said the measures — announced in a package called ‘AccelerateEU’ — included optimising the distribution of jet fuel between EU countries, in order to avoid shortages.

“The choices we make today will shape our ability to face the challenges of today and the crises of tomorrow. Our AccelerateEU strategy will bring both immediate and more structural relief measures to European citizens and businesses,” said European Commission President Ursula von der Leyen.

“We must accelerate the shift to homegrown, clean energies. This will give us energy independence and security, and mean we are better able to weather geopolitical storms,” she added.

 Flags of the European Union. — AFP/File
Flags of the European Union. — AFP/File

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