"The more you can do to save oil, especially diesel, especially jet fuel, the better we are off, EU Energy Commissioner Dan Jorgensen said, emphasizing the importance of energy conservation during the ongoing crisis."
"We haven't yet realized the magnitude of the crisis, Ana Maria Jaller-Makarewicz stated, predicting that the impact will be felt soon as competition for liquefied natural gas intensifies between Europe and Asia."
"Oil and gas prices have soared by as much as 70% since the US and Israel first hit Iran with airstrikes, leading to significant geopolitical tensions and economic repercussions."
The European Commission is urging its citizens to reduce travel and conserve energy due to the ongoing Iran war. German Chancellor Friedrich Merz warned of potential economic impacts comparable to the COVID pandemic and the Ukraine war. EU Energy Commissioner Dan Jorgensen emphasized the need for energy conservation, advocating for public transport and efficient driving. Experts caution that the EU must prepare for a crisis that could inflate gas prices, harm industry, and increase food prices. The competition for dwindling energy supplies between Europe and Asia is intensifying.
Read at www.dw.com
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