Energy Commissioner Dan Jørgensen has urged EU countries to implement coordinated measures to reduce oil and gas consumption amid rising prices due to the Iran conflict and Strait of Hormuz closure. He warned against fragmented responses, stressing the need for a unified approach to ensure supply stability.

The closure of the Strait of Hormuz is impacting global markets, leading to a spike in energy prices and heightened concerns over potential supply shortages. This critical maritime passage is vital for oil transport, intensifying anxieties about the stability of fuel supplies worldwide.