Good morning. Deepening energy crisis may force emergency meeting, US announces aid package for Ukraine, Iran wants in on Europe’s oil market and China unveils more stimulus. Here’s what people are talking about.
Europe’s energy crisis continued to deepen as natural gas prices surged to near record highs. European Union energy ministers may hold an emergency meeting to discuss the spike in power markets as leaders strike a more urgent tone on the unfolding crisis. The Czech Republic, which holds the EU’s rotating presidency, is considering calling a gathering to debate the idea of capping electricity prices, the CTK newswire cited Industry Minister Jozef Sikela as saying. Meanwhile, UK research groups warned the government would have to draw up previously “unthinkable” plans to protect homes and businesses from a winter catastrophe.