Iran war turns EU leaders’ summit into an energy showdown

By Zia Weise, Ben Munster, Ben Makuch, Elena Giordano | 03/19/2026 06:33 AM EDT

Thursday’s debate on power prices could have ripple effects that last for years.

Electricity pylons stand over a field of rapeseed.

Electricity pylons near Berlin on May 10, 2022. Sean Gallup/AFP via Getty Images

BRUSSELS — Ahead of their first summit since war erupted in Iran, the European Union’s leaders agree on one thing: They need to take urgent action to stop energy prices from spiraling out of control.

But governments are split on how to deal with the problem — and whose job it is, anyway.

Some countries are demanding the European Commission take action to shield their citizens and companies from soaring fuel prices, arguing for far-reaching interventions in the EU’s environmental policy and energy markets to achieve short-term cost cuts.

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Others are adamant that the EU must preserve its existing rulebook and focus on long-term measures to reduce the bloc’s dependence on expensive fossil fuels, insisting that immediate relief measures are the responsibility of national capitals.

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