Europe Weighs Measures to Protect Consumers From Rising Energy Prices

EU Commission President Ursula von der Leyen said Europe’s first responsibility is to protect citizens and prepare for the impact of the Middle East conflict.

Fuel nozzles are seen at a petrol station in Nice, France, on Jan. 25, 2022. Eric Gaillard/Reuters

European governments are moving to shield households and businesses from rising energy costs after oil and gas prices surged following the outbreak of war in the Middle East.

Brent crude briefly approached $120 a barrel earlier this week before easing to just above $90 by March 11, according to financial services company Hargreaves Lansdown.