EU president urges sanctions resolve as Iran war continues

European Commission President Ursula von der Leyen said capping oil prices would help limit Russia’s revenues and warned that now was not the time to ease sanctions, after joining a call with G7 leaders on the Iran war’s impact on oil and gas markets.

“This is not the moment to relax sanctions on Russia,” she wrote on X.

Von der Leyen added that she and European Council President Antonio Costa stressed the need to keep energy flows moving, particularly through the Strait of Hormuz, and backed the International Energy Agency’s decision to release 400 million barrels of oil.