Published by Global Banking & Finance Review®
Posted on April 3, 2026
1 min readLast updated: April 3, 2026
Add as preferred source on GoogleEU Energy Commissioner Dan Jørgensen warns Europe faces a “long‑lasting” energy shock due to the Middle East war, with elevated prices expected and options like fuel rationing or emergency reserve release under consideration.
April 3 (Reuters) - The EU is assessing "all possibilities" including fuel rationing and releasing more oil from emergency reserves as it braces for a "long-lasting" energy shock from the Middle East war, the Financial Times reported on Friday in an interview with EU Energy Commissioner Dan Jorgensen.
"This will be a long crisis ... energy prices will be higher for a very long time," Dan Jorgensen told the FT, saying that for some more "critical" products "we expect it to be even worse in the weeks to come".
(Reporting by Disha Mishra in Bengaluru; Editing by Christopher Cushing)
The EU is preparing for an energy shock due to the ongoing Middle East war, which is expected to impact supply and prices.
The EU is assessing options like fuel rationing and releasing more oil from emergency reserves.
According to the EU energy commissioner, higher energy prices may persist for a very long time.
Dan Jorgensen, the EU Energy Commissioner, made the statements in an interview with the Financial Times.
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