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Briefing: Europe's response to the relentless surge in energy and fuel costs from the war in Iran

Strategic angle: Brent crude topped €100 a barrel after the Strait of Hormuz was closed, prompting varied responses across Europe.

Editorial StaffMarch 22, 20261 min read

Brent crude prices exceeded €100 per barrel.

Closure of the Strait of Hormuz has intensified energy costs.

EU capitals are implementing tax cuts and price caps.