The European Union is preparing emergency measures to deal with rising energy prices and supply risks caused by Middle East tensions and disruptions to shipping through the Strait of Hormuz.

Energy ministers met behind closed doors to discuss potential solutions. The European Commission is developing a package of emergency interventions, including: cutting national fuel taxes, increased state support for industry, and possible changes to the Emissions Trading System (ETS).

Commission President Ursula von der Leyen announced an analysis of additional consumer protection measures, "including the possibility of capping fuel prices."

Some countries, including Italy, are demanding broader EU interventions, including suspension or reform of the carbon market. However, different energy mixes and tax policies create significant price differences among member states, complicating unified solutions.

The 2022 energy crisis showed that EU governments spent over 500 billion euros on support measures. EU leadership emphasizes that long-term solutions require reducing dependence on imported fossil fuels through accelerated investment in renewable sources and nuclear capacity.