EU to Give Members Leeway on Fuel, Fertilizer Prices Amid War

The European Union will allow member states more flexibility to subsidize fuel and fertilizer prices to soften the impact of the price shock from the Iran war.

However, any additional aid provided will have to be granted before the end of the year, with support for fuel limited to 50% of the extra costs from the conflict, the new rules will state, according to a draft of a temporary state-aid framework seen by Bloomberg News.