EU Launches Emergency Energy Package to Counter War on Iran Fallout and Secure Jet Fuel

 The European Commission is preparing to launch a package of emergency measures today, Wednesday, April 22, 2026, to address the escalating energy crisis resulting from the US-Israeli war on Iran and tensions in the Strait of Hormuz. The plan includes governments covering up to 70% of wholesale energy costs, along with tax cuts to counter acute shortages in jet fuel and diesel. These moves come amid fears of halted Qatari LNG shipments following attacks on its fields last March, placing the continent before unprecedented energy security challenges that could take years to overcome.