Summary
The European Union's energy commissioner stated that oil and gas prices are unlikely to return to their usual levels soon. This comes as prices have increased significantly due to the current conflict involving Iran.
Key Facts
- The EU energy commissioner issued a warning about prolonged high oil and gas prices.
- Gas prices in Europe have increased by about 70%.
- Oil prices in Europe have risen by around 60%.
- The price spikes are due to pressure on global markets.
- The ongoing war involving Iran is a key factor in these price increases.
