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EU energy ministers are seeking ways to protect households and businesses from high winter energy costs. A geopolitical shock in the Middle East has pushed European gas prices above €97 per megawatt-hour, a four-year high.

EU energy ministers want to shield households and businesses from a harsh winter pricing, as the massive geopolitical shock in the Middle East has sent European gas prices surging past a four-year high of €97 per megawatt-hour.