Heatwave Slams Europe Straining Energy Supply

Europe is experiencing its fifth heatwave, which is straining the continent's energy supply and driving up wholesale prices significantly. E.On, Europe's largest energy provider, attributes the crisis to multiple factors including geopolitical tensions affecting Persian Gulf oil supplies, elevated gas prices, and reduced energy output due to extreme summer temperatures. The company warns of affordability challenges for customers and expects continued short-term market distortions.