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Hormuz LNG Disruption Drives European Gas Prices Higher, Stoking Inflation
OilPrice.com·IR · DE · FR·about 5 hours ago
The Spanish government has reimposed a cap on butane cylinder prices at €19.55 until June, alongside limits on natural gas prices and restored subsidies for transport, agriculture, and fishing, plus some tax cuts. This marks a reversal of previous phase-out of emergency measures, indicating sustained energy cost pressures. The move signals ongoing government intervention in energy markets to shield consumers, with fiscal implications.