The European Union is facing renewed risks of an energy crisis as escalating tensions involving the United States, Israel and Iran disrupt global supply routes.
At the centre of the concern is the Strait of Hormuz, where restricted flows have driven up oil and gas prices and heightened fears of prolonged instability.
In response, the European Commission is preparing targeted measures, including allowing member states to cut electricity taxes and coordinating gas storage refills ahead of winter.
Unlike the 2022 crisis triggered by reduced Russian gas supplies, Brussels is avoiding aggressive market interventions such as price caps, opting instead for a more cautious approach.
While Europe’s growing reliance on renewables and nuclear energy is expected to cushion electricity prices, officials warn that continued disruption could still trigger shortages—particularly in fuel-dependent sectors like aviation.