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Has the Iran War Sparked a New EU Energy Crisis?

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Europe could be facing another energy crisis, with strikes from the US, Israel and Iran disrupting global LNG ports from Qatar. So in this video, we’ll explain the EU’s reliance on gas, the recent spike in prices and why it could be a huge problem.

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Sources:

Where does EU’s gas come from

https://www.consilium.europa.eu/en/infographics/where-does-the-eu-s-gas-come-from/#0 
https://ec.europa.eu/eurostat/statistics-explained/index.php?oldid=554503#Main_suppliers_of_petroleum_oils.2C_natural_gas_and_coal_to_the_EU 

Qatar-EU LNG diversification

https://energy-europe.eu/oil-and-gas-en/focus-on-doha-diversification-shapes-europes-gas-strategy/?utm_source=chatgpt.com 
https://europeangashub.com/qatars-role-in-lng-supply-to-europe.html
https://www.bloomberg.com/news/articles/2023-10-23/eni-and-qatar-sign-27-year-lng-supply-deal-for-italy 
https://www.global-counsel.com/insights/report/qatar-and-future-european-energy-security#:~:text=Russia’s%20weaponisation%20of%20gas%20in,between%20the%20two%20Gulf%20nations. 

Gas price surge

https://www.bloomberg.com/news/articles/2026-03-02/european-gas-rallies-more-than-30-as-qatar-halts-lng-production 
https://www.euronews.com/business/2026/03/02/european-gas-prices-jump-by-as-much-as-45-as-qatar-stops-lng-production 
https://www.bloomberg.com/news/articles/2026-03-01/goldman-says-european-gas-could-jump-130-on-hormuz-disruption 
https://www.theguardian.com/business/live/2026/mar/02/oil-price-us-israel-iran-war-100-dollars-a-barrel-stock-markets-drop-travel-news-updates 

EU’s depleted natural gas storage

https://www.bloomberg.com/news/newsletters/2026-02-12/europe-s-depleted-natural-gas-storage-tanks-spur-energy-security-worries 

Why increase is oil prices is good for Russia

https://www.politico.eu/article/russia-oil-price-iran-war-strait-of-hormuz/  
https://www.bloomberg.com/news/articles/2026-03-02/indian-refiners-eye-russian-oil-again-as-iran-crisis-hits-supply 

EU’s dependence on US LNG

https://ieefa.org/resources/eu-risks-new-energy-dependence-us-could-supply-80-its-lng-imports-2030

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