EU Leaders Convene Summit to Address Soaring Energy Prices and China Trade Relations

European Union leaders are holding a two-day summit in Brussels to tackle critical issues including soaring energy prices, trade ties with China, and the bloc's long-term budget. Six EU countries have also called for a windfall tax on oil companies, citing disruptions in the Strait of Hormuz and rising oil prices that are driving up industry profits while households face an affordability crisis.