How the Iran war has left Europe facing yet another energy crisis
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The conflict in the Middle East is triggering a new energy crisis in Europe, echoing the challenges faced after Russia's invasion of Ukraine in 2022. European leaders are now scrambling for short-term energy solutions, diverting attention from long-term competitiveness plans. This situation revives old divisions within Europe regarding energy policy and highlights the difficulty in securing the continent's energy independence. Despite efforts since 2022 to reduce reliance on Russian energy sources, the current crisis demonstrates the EU's continued vulnerability to global conflicts. The rising energy prices and potential voter backlash are causing panic among European prime ministers and presidents as they meet in Brussels.
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