High energy costs focus of discussions at EU summit in Cyprus

Iran Herald · April 23, 2026 Sanctions

It takes time for the global oil market to return to normal prices amid the Iran war and the Hormuz blockade. For the second time in less than five years, with no end in sight yet for the Ukraine crisis, Europeans have recognized the great price of Europe's dependency on imported fossil fuels. BRUSSELS, April 23 (Xinhua) -- How to bring down the high energy costs in European Union (EU) countries?