The EU warns that energy prices will remain high despite a possible cessation of hostilities

Published at: 01/04/2026 08:38 AM

Last Tuesday, the European Commissioner for Energy, Dan Jorgensen, warned that the uptick in oil and gas prices, driven by the conflict with the Islamic Republic of Iran, will persist in the short term despite a possible peace scenario.

This energy crisis has already taken its toll on the European Union, which has seen its costs of importing fossil fuels increase by 14 billion euros since the start of hostilities, reflecting a volatility that will not give way immediately.

Despite the fact that supply to Member States remains stable, the market is facing critical pressure in the refined segment such as diesel and kerosene. Global tensions have caused the value of gas to soar by 70% and that of oil by 60% in European territory, an escalation that has directly impacted electricity prices and has generated an environment of high economic uncertainty for the region.

Faced with this complex scenario, the European Commission is finalizing a package of emergency measures designed to mitigate the impact on homes and businesses.

Among the strategic proposals, the decoupling of gas prices from the electricity bill and the application of direct tax rebates on electricity bills stand out, initiatives that seek to shield the European economy from the prolonged scarcity of energy resources.

Mazo News Team