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EU sees no immediate energy threat despite rising tensions and oil price surge.
The EU’s Gas and Oil Coordination Groups reported no immediate threats to energy supply on March 12, citing high oil stocks and stable gas storage, with existing rules providing sufficient flexibility.
They acknowledged the IEA’s voluntary 400-million-barrel oil release but called for long-term impact analysis.
The EU will reassess if the Strait of Hormuz remains closed or tensions escalate.
Upcoming meetings are set for March 19 and 26.
Meanwhile, U.S. LNG exports from Plaquemines were approved, and recent attacks on vessels underscore ongoing maritime risks in the region.
Oil prices rose 6% due to Iranian strikes, including one that damaged Oman’s Salalah port.
La UE no ve ninguna amenaza energética inmediata a pesar de las crecientes tensiones y el alza en los precios del petróleo.