EU urged to deploy rapid emergency measures to tame soaring energy costs
With oil and gas prices rising amid the Iran–Israel war, several EU countries urge Brussels to deploy EU-wide emergency tools—such as price caps, subsidies, demand coordination and windfall taxes—while the European Commission emphasizes long-term plans to diversify supply and reduce demand. Italy, Austria, Slovenia and Slovakia are rallying for concrete, coordinated measures ahead of upcoming EU summits, a push that risks clashing with members who prefer market-led solutions and caution on emergency powers.