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flag EU warns high oil and gas prices will persist despite Iran conflict ending.

flag EU Energy Commissioner Dan Jørgensen warns that oil and gas prices in Europe will remain high even if the conflict with Iran ends, as pressures on diesel and jet fuel continue to drive up electricity costs. flag While no immediate shortages exist, the bloc's fossil fuel import bill has surged by 14 billion euros. flag The EU is preparing a coordinated toolkit including measures to decouple gas and electricity prices and potential tax cuts, while aiming to eliminate reliance on Russian gas entirely.

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