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Iran crisis reveals EU's continued energy imports vulnerability

By Louis de Briant ( March 2, 2026, 17:53 GMT | Comment) -- Oil and gas prices have surged since the US and Israeli attacks on Iran. While well below levels reached during the 2022 Ukraine crisis, prices are expected to continue climbing. Europe's concern is not to see out the winter almost finished, but to prepare for the next one, particularly given continuing vulnerability in liquefied natural gas. Faster diversification is seen as the best way to shield the EU’s energy costs.The US and Israeli strikes on Iran in the past three days may not have led to Europe facing shortages, but its reliance on imports of fossil fuels is becoming increasingly evident as prices surge....

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