EU Leaders Face Multi-Year Energy Squeeze After Qatar Attack

The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.

During a summit in Brussels on Thursday, EU leaders expressed anxiety at the darkening economic situation and called for a “moratorium” on strikes against energy facilities in the US and Israeli war with Iran. Inside the room, Italian Prime Minister Giorgia Meloni warned that the energy situation is serious, according to people familiar with the matter.