The Economic Times

'Iran war energy crisis worse than 1973, 2022 combined,' says EUs Energy Chief Dan Jrgensen

Europe is bracing for prolonged high energy prices. The Iran conflict has severely damaged vital gas infrastructure in Qatar, with recovery expected to take years. This disruption is impacting global energy markets, leading to higher costs for natural gas and other fuels. EU officials emphasize the need to reduce consumption and accelerate the transition to renewable energy sources.