Skip to main content

EU can handle energy price pressure – it’s been here before

Reforms made after Russia’s invasion of Ukraine have made region more resilient to energy shocks, officials say

An EU flag is superimposed over a gas pressure gauge that reads zero
Credit: Risk.net montage

One way to fix a crisis, as the saying goes, is to pour oil on troubled waters. But what if most of the oil is stuck in the Persian Gulf?

Such has been the dilemma facing governments around the world, as war in Iran threatens to hit oil and gas supplies and forces energy markets into a volatility vortex. However, European Union officials are quietly confident the region can absorb the energy shock from the war in Iran without resorting to emergency measures.

Yvan Verougstraete, vice-chair of the

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Energy Risk? Register here

Register for access to all Energy Risk content

All fields are mandatory unless otherwise highlighted

Show password
Hide password

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: