Oil and gas prices won't immediately return to normal even if the Iran war ends, the EU warns

Oil and gas prices won't immediately return to normal even if the Iran war ends, the EU warns

Asia One·2026-04-01 17:03

NICOSIA, Cyprus — Skyrocketing oil and gas prices in Europe as a result of the ongoing Iran war won't return to normal levels any time soon, even if peace is declared tomorrow, the European Union's energy commissioner warned Tuesday (March 31).

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