"This will be a long crisis . . . energy prices will be higher for a very long time. We expect it to be even worse in the weeks to come."
"The rhetoric that we're using and the words we're using are more serious now than they were earlier in the crisis. It certainly is our analysis that this will be a prolonged situation."
"While the EU was not in a security of supply crisis, Brussels was drawing up plans to tackle structural, long-lasting effects of the conflict."
"Better to be prepared than to be sorry. The EU is preparing for the worst scenarios even if the bloc is not there yet on needing to ration critical products."
The EU is bracing for a long-lasting energy crisis stemming from the Middle East war, with energy prices expected to remain high. The near closure of the Strait of Hormuz and attacks on Gulf infrastructure have disrupted energy markets, leading to soaring prices and supply concerns. The EU is not currently facing a supply crisis but is developing plans to address potential long-term effects. Preparations include considering fuel rationing for critical products, emphasizing the importance of readiness for worst-case scenarios.
Read at Irish Independent
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