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EU leaders open Brussels summit on energy crisis as oil above $100 a barrel threatens Europe's winter

Kaja Kallas, the EU's foreign policy chief, called the US-Russia diesel deal a "gift to Putin" as a Brussels summit opened to tackle soaring energy costs, with oil above $100 a barrel threatening Europe's winter supply.
Kaja Kallas, the EU's foreign policy chief, called the US-Russia diesel deal a "gift to Putin" as a Brussels summit opened to tackle soaring energy costs, with oil above $100 a barrel threatening Europe's winter supply.

EU foreign policy chief Kaja Kallas declared the US-Russia diesel deal a "gift to Putin" moments before the two-day Brussels summit opened, setting a combative tone for talks dominated by soaring energy costs. Oil remains above $100 a barrel despite a coordinated G7 reserve release, with the IEA warning Europe faces fresh diesel price rises in the coming weeks. The Iran war's grip on the Strait of Hormuz has sent European diesel costs surging, with the US already up 94 per cent on pre-war prices.

Italy and Greece are pushing Brussels to relax EU fiscal rules for "temporary and targeted" relief measures, but conservative states warn looser rules risk fuelling market volatility.

MoreYahoo News UKEU leaders enter crunch talks on energy, China and the budgetFinancial TimesSoaring energy prices set to swamp EU summit and overshadow budget talksAOL News UKEU summit: Leaders seek fast solutions to spiralling energy pricesReutersEU leaders to tackle China exports, energy prices, budget at summitIrish Times‘No silver bullet’: Energy crunch could bite Europe this winter
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