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The European Union must be prepared for a long-lasting energy crisis, according to the official responsible for the sector at the executive body in Brussels. While the EU is assessing “all possibilities” to deal with it, including fuel rationing, its leadership does not intend to give up plans to abandon Russian gas. Fuel prices won’t go down soon, says head of European energy EU Energy Commissioner Dan Jørgensen is predicting a prolonged crisis caused by the war in the Middle East, which has been raging on for over a month now. At the end of February, the United States and Israel launched joint airstrikes on Iran which retaliated by hitting targets across the Persian Gulf. The effective closure of the Strait of Hormuz, which accounted for over 20% of global oil and gas shipments, sent oil prices soaring above $100 a barrel. The extensive damage inflicted on energy infrastructure in the region sparked fears around the world about the future of energy supplies. Europe, which has been among the most affected, is now considering options to deal with the energy shock, Jørgensen told the Financial Times on Friday, warning: “This will be a long crisis … energy prices will be higher for a very long time.” He added that for some “critical” products officials in Brussels expect the situation may worsen even more in the coming weeks. The Commissioner insisted that the Union was “not in a security of supply crisis, yet.” At the same time, its administration is planning on how to address “structural, long-lasting effects” of the war. “The rhetoric that we’re using and the words we’re using are more serious now than they were earlier in the crisis,” Jørgensen admitted, elaborating further: “It certainly is our analysis that this will be a prolonged situation, and countries need…

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Filed under: News - @ April 3, 2026 11:02 pm