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EU tells members to prepare for 'prolonged disruption' to energy markets from Iran war

Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsSanctions & Export ControlsTrade Policy & Supply ChainInfrastructure & Defense

EU energy chief warned governments to prepare for a 'prolonged disruption' to energy markets from the Iran war ahead of an emergency ministers' meeting on Tuesday. This elevates the risk of sustained oil and gas supply shocks, higher price volatility and the need for EU contingency measures that could materially affect energy prices and trade flows.

Analysis

EU energy chief warned governments to prepare for a 'prolonged disruption' to energy markets from the Iran war ahead of an emergency ministers' meeting on Tuesday. This elevates the risk of sustained oil and gas supply shocks, higher price volatility and the need for EU contingency measures that could materially affect energy prices and trade flows.

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