The EC declared the "most serious energy crisis" in history

The world is facing the most "serious energy crisis" in history amid the conflict in the Middle East. This was announced on May 5 by European Commissioner for Energy and Housing Dan Jorgensen.

"The world is facing perhaps the most serious energy crisis in its history, a crisis that is testing the strength of our economies, our societies and our partnerships," Jorgensen said at a press conference in Brussels.

According to the European Commissioner, since the beginning of the Middle East conflict, EU states have overpaid €30 billion for energy resources.

"Since the outbreak of the conflict in the Middle East, European Union member states have already spent more than €30 billion on fossil fuel imports without receiving any additional supplies," Jorgensen said.

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Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and special presidential envoy for investment and economic cooperation with foreign countries, said on May 3 that the world was heading for the largest energy crisis in history, without realizing the scale of what was happening.

The Guardian newspaper reported on April 16 that aviation fuel reserves in Europe could last for about six weeks, after which flight cancellations are possible amid the conflict with Iran.