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Euronews
Euronews
Marta Pacheco

EU ministers weigh oil price cap and windfall tax to rein in soaring energy costs

European Union finance ministers are considering capping oil prices or taxing windfall profits as they weigh a coordinated response to rising energy costs, amid surging natural gas and oil prices driven by the war in Iran.

Analysts warn that further price spikes could echo the 2022 energy crisis.

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