"The European Commission's energy chief, Dan Jørgensen, stated that Europe is facing a prolonged crisis that will persist even if immediate peace is achieved, warning of a 'very serious situation' with no clear end in sight."
"Jørgensen urged member countries to follow the advice of the International Energy Agency, which includes measures such as working from home, reducing highway speed limits, encouraging public transport, and adopting efficient driving practices."
"Brent crude oil price briefly hit $119 per barrel, close to its highest since the start of the US-Israel war with Iran, as supply dries up following the closure of the Strait of Hormuz."
The Iran war has led to a significant surge in oil prices, pushing Europe into a state of emergency. Politicians are urging citizens to reduce energy consumption by working from home, cutting back on driving, and avoiding flights. The European Commission's energy chief warned of a prolonged crisis, emphasizing the need for oil conservation. Brent crude oil prices reached $119 per barrel, with supply disruptions causing flight cancellations. The UK government has adopted a less stringent approach, encouraging normalcy while assuring no immediate supply chain issues for jet fuel.
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