EU chief warns billions could be wasted if energy aid is not well targeted as the Iran war bites

European Union countries must funnel their energy aid chiefly to vulnerable households and industries or risk wasting billions of euros as the Iran war hits oil and gas prices, European Commission President Ursula von der Leyen warned on Wednesday. The U.S.-Israel war, combined with retaliation from Iran such as choking the Strait of Hormuz, is costing