European Commission
The European Commission unveiled its AccelerateEU emergency plan on Wednesday, April 22, to mitigate the energy crisis triggered by the war in Iran. The initiative aims to avert a kerosene shortage following the Strait of Hormuz blockade. It offers recommendations and measures to EU member states and industry.
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The European Commission has warned Spain that reducing VAT on fuels from 21% to 10% violates the EU VAT directive. The Spanish government defends the measure as temporary to ease energy price hikes due to the war in the Middle East. Brussels recommends cutting special taxes on hydrocarbons instead.
March 27, 2026 05:58