IEA Warns Middle East Crisis Will Crush European Energy Economy

The IEA warned the Middle East conflict will severely disrupt European energy supplies and economy beginning in April 2026.

“European Latest Developments: IEA says Middle East crisis severely harms European energy and economy”

52Hrtt

If the Strait of Hormuz remains blocked, global energy supplies will tighten noticeably, pushing prices higher and accelerating inflation.

52Hrtt

IEA Director Fatih Birol pointed out that current oil supply losses exceed 12 million barrels per day.

Over 700 people were placed in a restricted area in southern France near nuclear power plants.

The crisis has already increased European energy prices, with gas rising by about 70% and oil by about 50%.

France announced the reopening of three strategic nuclear power plants that were scheduled for shutdown.

Macron emphasized that nuclear power needs to be part of Europe's low-emission energy mix.

France 24

Around 40 countries have shown firm interest in nuclear technology since 2022.

Nuclear currently provides 15 percent of the EU's electricity, down from 33 percent in 1990.

The European Commission urged citizens to adopt virtuous behaviors to face the energy crisis.

“Trying to realize the revival of electricity produced from nuclear energy”

Le HuffPost

Jørgensen warned the shock would be prolonged.

Increasing the use of biofuels was proposed to ease market pressure.