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EU sees no immediate energy threat but monitors Strait of Hormuz risks as oil prices surge after Iranian strikes.
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, pero monitorea los riesgos del Estrecho de Ormuz a medida que los precios del petróleo aumentan después de los ataques iraníes.