The Iran war and the nightmare of the second energy crisis in Europe / Analysts: We hope the winter is not too cold

The Iran war and the nightmare of the second energy crisis in Europe / Analysts: We hope the winter is not too cold

The Spanish newspaper "El Faisa" warned of the impending energy crisis in Europe and wrote: The Strait of Hormuz, Babel Mandav, as well as the suspension of the oil pipeline from the east to the west of Saudi Arabia and finally damage to the Russian refineries, marked the biggest jump in prices since 2022.

These conflicts, with an unpredictable fate, have pushed the cost of fossil fuels around the world to historic highs and raised concerns about whether supply chains can withstand the pressure despite biased price signals.

Irna Jahan