EU can handle energy price pressure – it’s been here before

Reforms made after Russia’s invasion of Ukraine have made region more resilient to energy shocks, officials say

One way to fix a crisis, as the saying goes, is to pour oil on troubled waters. But what if most of the oil is stuck in the Persian Gulf?

Such has been the dilemma facing governments around the world, as war in Iran threatens to hit oil and gas supplies and forces energy markets into a volatility vortex. However, European Union officials are quietly confident the region can absorb the energy shock