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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 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”.
