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

flag European Union energy commissioner Dan Jørgensen warns that oil and gas prices in Europe will not quickly return to normal even if the Iran conflict ends, citing persistent market pressures. flag While no immediate shortages exist, electricity costs are rising due to surging fossil fuel prices. flag The EU is developing coordinated measures, including potential tools to decouple gas and electricity pricing and a possible windfall tax, to support households and businesses as the bloc continues to reduce reliance on Russian gas.

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