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Brussels proposes cutting electricity taxes amid energy crisis
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The European Commission, led by Ursula von der Leyen, proposes reducing electricity taxes, reviewing the carbon emissions market, and avoiding premature nuclear plant closures to lower energy prices amid the Middle East war. These measures address surging oil prices due to the Strait of Hormuz closure, costing 6 billion euros since February 28. The EU meanwhile rejects military involvement in the conflict despite pressure from Donald Trump.