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		<title>EU presses for ceasefire as Middle East conflict jolts global energy markets</title>
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		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Tue, 24 Mar 2026 05:13:09 +0000</pubDate>
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		<category><![CDATA[Ursula von der Leyen]]></category>
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					<description><![CDATA[Canberra— European Commission President Ursula von der Leyen on Tuesday called for an immediate end to hostilities in the Middle]]></description>
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<p><strong>Canberra</strong>— European Commission President Ursula von der Leyen on Tuesday called for an immediate end to hostilities in the Middle East, warning that the escalating conflict poses a critical threat to global energy supply chains and economic stability.</p>



<p>Speaking alongside Australian Prime Minister Anthony Albanese in Canberra, von der Leyen said the impact of the crisis was already being felt across economies through rising oil and gas prices.</p>



<p>“We all feel the knock-on effects on gas and oil prices on our businesses and our societies,” she said, highlighting the broader economic repercussions of prolonged instability in a region central to global energy production and transit.</p>



<p>Her remarks come as the Middle East conflict disrupts key supply routes and raises concerns over sustained volatility in energy markets. </p>



<p>The region accounts for a significant share of global oil exports, making it highly sensitive to geopolitical tensions.Von der Leyen emphasized that continued hostilities risk compounding inflationary pressures and undermining business confidence, particularly in energy-importing economies.</p>



<p>She urged all parties to pursue a diplomatic solution, stressing the urgency of de-escalation. “It is of utmost importance that we come to a solution that is negotiated, and this puts an end to the hostilities that we see in the Middle East,” she said.</p>



<p>Her comments reflect growing international concern over the broader economic fallout of the conflict, as governments and institutions monitor its impact on global trade, energy flows and financial markets.</p>
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