EU cuts gas storage targets amid Middle East crisis. The European Commission has instructed member states to lower natural gas storage targets to 80% of capacity, down from the official requirement, as energy prices spike following escalating tensions between Iran and Israel. Gas prices in Europe surged as much as 35% on Thursday after strikes damaged critical Middle East gas infrastructure. Energy Commissioner Dan Jorgensen called for a collective response, warning that liquefied petroleum gas production may take longer to return to pre-crisis levels. The EU is also relaxing enforcement of rules on gas imports to ensure energy stability during the crisis. These measures underscore Europe's vulnerability to geopolitical disruptions in energy markets and the need for flexible energy policies to maintain supply security through winter.
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