EU warns of new energy crisis as geopolitical turbulence hits crude prices

European Commissioner Jørgensen held a dialogue with European refineries, warning that geopolitical turbulence is driving another energy crisis, reminiscent of 2022 when Russia's invasion of Ukraine spiked crude prices. The statement signals potential EU policy responses to rising energy costs, though specific measures remain unspecified. This matters as it could lead to coordinated EU action affecting energy markets and inflation.

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