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Euronews • April 9, 2026 06:22

Why oil and gas prices could stay high in Europe even if the Iran war ends

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Energy prices in Europe could stay high for a while, even though the region doesn’t rely heavily on the Strait of Hormuz. Here’s what’s behind it.

Story Timeline

Wed 05:00 - Financial Times

EU warns of prolonged crisis as Iran war adds €14bn to energy import bill

Thu 14:18 - DW

As Iran war rages, Europe gears up for energy crisis

Thu 14:18 - DW All

As Iran war rages, Europe gears up for energy crisis

Thu 14:18 - DW Top

As Iran war rages, Europe gears up for energy crisis

Thu 14:18 - DW World

As Iran war rages, Europe gears up for energy crisis

Thu 16:54 - Euronews

Russia to send second oil tanker to Cuba as energy crisis continues, Moscow says

Thu 17:41 - Fox News

NY House GOP launches pressure campaign on Hochul to scrap climate law over soaring energy costs

Fri 04:00 - Financial Times

Europe must prepare for ‘long-lasting’ energy shock, Brussels warns

Fri 16:30 - The Hill

Beyond 'all' and 'best': A common-sense energy strategy for national security

Fri 23:14 - BBC Europe

Faced with new energy shock, Europe asks if reviving nuclear is the answer

Sat 11:03 - Politico EU

5 countries ask Brussels to tax energy companies benefitting from Iran crisis

Sun 16:00 - The Hill

The war in Iran is showing why the US needs diverse energy resources

Mon 04:00 - Financial Times

EU warns capitals against turning energy crunch into fiscal crisis

Mon 04:32 - Financial Times

FirstFT: EU warns of excessive energy support measures

Tue 04:00 - Financial Times

Europe’s fossil fuel dependence poses risks to price stability

Tue 23:30 - Fox News

Biden wanted to drive reliable energy 'into a ditch,' says Trump Energy Secretary

Wed 04:00 - Financial Times

Will the Iran war derail the energy transition?

Wed 14:40 - Euronews

Will an Iran ceasefire lower energy bills?

Thu 05:00 - Financial Times

Europe nervously eyes fragile Iran ceasefire as energy crisis rumbles on

Thu 06:22 - Euronews

Why oil and gas prices could stay high in Europe even if the Iran war ends

Different Perspectives

BBC Europe

1 article

▼

23:14

Faced with new energy shock, Europe asks if reviving nuclear is the answer

As war drives up gas and fuel prices, Europeans turn again to the issue of energy independence.

DW

1 article

▼

14:18

As Iran war rages, Europe gears up for energy crisis

The EU is waking up to an energy crisis and asking people to reduce energy consumption, as fears of a supply crunch set in. Energy analysts are calling for concrete …

DW All

1 article

▼

14:18

As Iran war rages, Europe gears up for energy crisis

The EU is waking up to an energy crisis and asking people to reduce energy consumption, as fears of a supply crunch set in. Energy analysts are calling for concrete …

DW Top

1 article

▼

14:18

As Iran war rages, Europe gears up for energy crisis

The EU is waking up to an energy crisis and asking people to reduce energy consumption, as fears of a supply crunch set in. Energy analysts are calling for concrete …

DW World

1 article

▼

14:18

As Iran war rages, Europe gears up for energy crisis

The EU is waking up to an energy crisis and asking people to reduce energy consumption, as fears of a supply crunch set in. Energy analysts are calling for concrete …

Euronews

2 articles

▼

14:40

Will an Iran ceasefire lower energy bills?

The announcement of a two-week ceasefire in the Middle East has triggered an immediate drop in oil and natural gas prices, raising hopes for lower energy bills. However, consumers might …

16:54

Russia to send second oil tanker to Cuba as energy crisis continues, Moscow says

Cuba produces barely 40% of its required fuel and relies on imports to sustain its crumbling energy grid.

Financial Times

7 articles

▼

05:00

Europe nervously eyes fragile Iran ceasefire as energy crisis rumbles on

Also in this newsletter: Italy calls for looser EU spending rules

04:00

Will the Iran war derail the energy transition?

Countries in Asia and Europe are turning to coal to power their economies but analysts argue solar will be a long-term winner

04:00

Europe’s fossil fuel dependence poses risks to price stability

Repeated cost shocks make a transition to cleaner energy critical

04:32

FirstFT: EU warns of excessive energy support measures

Also in today’s newsletter: Private equity buyouts and Ukrainian drone campaign

04:00

EU warns capitals against turning energy crunch into fiscal crisis

Excessive spending to cushion soaring prices would have ‘serious fiscal implications’, says economy commissioner

04:00

Europe must prepare for ‘long-lasting’ energy shock, Brussels warns

EU energy commissioner says bloc is assessing ‘all possibilities’ including fuel rationing and releasing more oil from strategic reserves

05:00

EU warns of prolonged crisis as Iran war adds €14bn to energy import bill

Also in this newsletter: US criticises ‘unfortunate’ conditions added to EU trade deal

Fox News

2 articles

▼

23:30

Biden wanted to drive reliable energy 'into a ditch,' says Trump Energy Secretary

Energy Secretary Chris Wright claimed Tuesday that the Biden administration was driving the U.S. energy system "into a ditch" through massive subsidies.

17:41

NY House GOP launches pressure campaign on Hochul to scrap climate law over soaring energy costs

New York GOP lawmakers are pressuring Gov. Kathy Hochul to repeal the state's climate law, citing rising energy costs and an affordability crisis.

Politico EU

1 article

▼

11:03

5 countries ask Brussels to tax energy companies benefitting from Iran crisis

Austria, Germany, Italy, Portugal and Spain want extra corporate profits generated during the Mideast conflict to be distributed fairly.

The Hill

2 articles

▼

16:00

The war in Iran is showing why the US needs diverse energy resources

In a world where energy is a weapon, energy security and affordability require diversity in energy sources.

16:30

Beyond 'all' and 'best': A common-sense energy strategy for national security

Energy policy must be grounded in resilience and long-term supply security, prioritizing reliability, affordability, scalability, and strategic resilience, rather than being driven by ideology.