EU prepares for long-term energy crisis due to Middle East conflict

The European Union is developing contingency plans to address the energy market impact of the ongoing conflict in the Middle East. EU Energy Commissioner Dan Jorgensen stated in an interview with the Financial Times that the bloc must prepare for a prolonged energy shock with persistently high prices. While the EU is not currently facing an immediate supply security crisis, officials are examining all available options, including the release of additional emergency oil stocks. The Commission is specifically evaluating the potential implementation of fuel rationing, particularly for diesel and jet fuel. Jorgensen noted that the rhetoric from Brussels has become more urgent, reflecting the expectation of a structural, long-term challenge. Concerns have been exacerbated by instability near the Strait of Hormuz and reported attacks on energy infrastructure in the Gulf. Member states are urged to ensure their readiness as the situation for certain critical energy products is expected to deteriorate in the coming weeks.