EU to Unveil Energy Strategy Amid Rising Costs from Iran Conflict

Kathmandu. Brussels is set to present a plan next week to address the high energy costs resulting from the Iran conflict. EU Chief Ursula von der Leyen stated on Monday that a comprehensive package will be unveiled before the summer to boost Europe's electrification.The energy crisis has forced the 27-nation bloc to face costs exceeding 22 billion euros ($26 billion) for fossil fuels, von der Leyen said following a meeting of the EU's top executive body focused on the issue.“This cost makes it clear that we are paying a very high price for our over-reliance on fossil fuels,” the European...