Hormuz Crisis Leaves EU Gas Storage Short Heading Into Winter
Historically low levels of natural gas in storage sites for this time of year could leave the European Union with a gas shortfall in the winter and could force the bloc to cut demand by 7%, the U.S.-based Institute for Energy Economics and Financial Analysis (IEEFA) said in a report on Friday. Euro
Source: OilPrice.com
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DW NOTE
The Hormuz closure that drove Brent to $126 in February now threatens Europe's winter gas supply. Eight months of effectively zero tanker traffic through the Strait means LNG cargoes that should have filled storage never arrived. European officials spent 2025 congratulating themselves on demand reduction and diversification. None of it contemplated a 247-day blockade of the world's most critical energy chokepoint.