The bloc is considering implementing drastic consumption restriction measures reminiscent of the Covid-19 pandemic period. The concept of “energy lockdown” This is gaining traction behind the scenes in Brussels as a direct response to the closure of the Strait of Hormuz by… Iran.

EU Energy Commissioner Dan Jørgensen has sent a letter to governments suggesting a reduction in the use of transport. The measure aims to preserve stocks of diesel and aviation fuel, which have reached record prices.

The president of the European Central Bank, Christine Lagarde, warned that the long-term effects are “probably beyond what we can imagine at the moment.”

https://www.europesays.com/europe/5761/