EU warns of energy 'price crisis,' asks countries to consider curbing demand

EU warns of energy 'price crisis,' asks countries to consider curbing demand The European Union is facing an energy price crisis as a result of the Iran war fallout in oil and gas markets, the bloc's energy chief said on Friday in a letter seen by Reuters, which urged countries to consider measures to curb energy demand. "We are facing a price crisis linking to a supply crisis," EU energy commissioner Dan Jorgensen said in a letter to EU countries' energy ministers. While the EU is better prepared now than it was i