Hike in energy prices will be high ‘for a very long time’: EU energy commissioner

The EU is assessing “all possibilities” including fuel rationing and releasing more oil from emergency reserves as it braces for a “long-lasting” energy shock from the Middle East war, the Financial Times reported on Friday in an interview with EU Energy Commissioner Dan Jorgensen.“This will be a long crisis ... energy prices will be higher for a very long time,” Dan Jorgensen told the FT, saying that for some more “critical” products “we expect it to be even worse in the weeks to come.”For all the latest headlines follow our Google News channel online or via the app.Read more:EU says ‘necessary’ to reduce fuel demand to cope with energy crisisGold prices retreat as Trump threatens further attacks on Iran

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