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EU ministers weigh oil price cap and windfall tax to rein in prices

Published on 27/03/2026 – 15:39 GMT+1•Updated 15:45 European Union finance ministers are considering capping oil prices or taxing windfall profits as they weigh a coordinated response to rising energy costs, amid surging natural gas and oil prices driven by the war in Iran. ADVERTISEMENT ADVERTISEMENT Analysts warn that further price…