In the wake of the announcement of a two-week ceasefire between the United States and Iran, the European Commission is not yet allowing itself to pause for breath.
Borrowing the words of European Commissioner for Energy, Dan Jørgensen, last week (see EUROPE B13840A1), a Commission spokesperson said on Wednesday 8 April that the energy price crisis in Europe would “not be short-lived”.
This is despite the - at least temporary - reopening of the Strait of Hormuz, through which more than...