Bloomberg pointed to the growing energy weakness of Europe due to the conflict in Iran

Gasoline prices in Europe have risen to their highest level since 2023 amid US and Israeli strikes on Iran and Tehran's closure of the Strait of Hormuz, which demonstrates Europe's main weakness. This was reported by Bloomberg on March 6.

Anne-Sophie Corbeau, a researcher at the Center for Global Energy Policy in Paris, said that Europe is in a very vulnerable position for the global energy market.

"This is really happening at the wrong time — we are very exposed to the global energy market, both in terms of prices and volumes. The industry will think, "Oh no, not another crisis." There are no magic solutions," Corbeau said.

The article notes that at one of the meetings, senior EU officials warned the bloc's states that the conflict in Iran shows that solving energy problems is "vital."

Markus Kamiet, executive director of BASF, said that Europe is "losing industrial capacity at a rate never seen before."

The authors of the article add that Europe's key problem is that most of the EU's strategy is based on the rapid expansion of the use of renewable energy sources, taking into account low operating costs.

Europe may face a new energy crisis. And here's why

Russian Foreign Ministry spokeswoman Maria Zakharova noted on the same day that the start of the military operation in the Middle East had led to risks of energy collapse for the countries of Western and Central Europe. At the same time, the diplomat noted that the EU itself imposed a ban on energy imports from Russia. In the context of the escalation in the Middle East, the question arises as to where Europe intends to get its fuel from.

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