March 16, 2026
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4:53:16Now PlayingEU officials in Brussels hold a high‑stakes press conference as Commission leaders and EU foreign affairs chief Kaja Kallas brief reporters after a joint meeting of energy and foreign ministers dominated by the Iran war’s shock to oil and gas markets. With European benchmark gas prices up more than 50 percent since the conflict begins and the closure of the Strait of Hormuz disrupting LNG trade, the Commission outlines draft emergency options, from tax relief and industrial support to possible gas price caps and use of strategic reserves, while Kallas stresses the need to contain both energy‑driven inflation and wider geopolitical fallout from the U.S.–Israel confrontation with Iran.
#iranwar #europe #kajakallas #trump #europeanunion #live #latestnews
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