EU TOOLBOX TO CURB ENERGY PRICES, SUPPORT FOR ALL 27 MEMBER STATES - KNews 18/4 by Pavlos Xanthoulis
Brussels and Berlin move quickly over fears of renewed Middle East tensions.
Brussels is preparing action on four fronts, working closely with Berlin and Paris, with the goal of keeping energy prices under control across the EU’s 27 member states as concerns grow about a renewed crisis in the Middle East. While Berlin sees Donald Trump’s decision to block the Strait of Hormuz and Iranian ports as a tactical move, the uncertainty surrounding recent developments and the volatility coming from Washington have pushed the EU to develop backup plans to support its members.
Despite reports that the United States and Iran may soon resume talks in Pakistan, the EU is moving ahead with its own measures. These were discussed in detail at a recent meeting of the College of Commissioners, where a “Temporary Crisis Framework” took center stage as a way to manage the situation.