EU Transport Chief Warns Hormuz Stalemate Could Be «Catastrophic» for Global Energy

European Transport Commissioner Apostolos Tzitzikōstas warned on Wednesday that a prolonged closure of the Strait of Hormuz to oil and gas shipping traffic could lead to «catastrophic» global consequences. Speaking at a press conference in Cyprus, following an informal summit of EU transport ministers, Tzitzikōstas emphasized that while Europe is not currently experiencing fuel shortages, the situation remains precarious due to the ongoing conflict in Iran.

He noted that all modes of transport are affected by the fuel supply squeeze stemming from the war. Although fuel prices have surged and «commercial jet fuel stocks are under pressure in certain parts of Europe,» Tzitzikōstas stated there is «no actual evidence» of immediate fuel shortages. He reassured that «Europe maintains emergency reserves which can be mobilised if – if, only – it’s necessary,» adding that «for now, the market is absorbing the shock.»

Tzitzikōstas confirmed the EU's emergency proposals outlined in its AccelerateEU plan, which include increased coordination, an observatory on fuel supplies, special guidance for airlines, and the exploration of alternative suppliers, specifically mentioning «jet fuel from the United States of America.» He indicated that the EU executive is prepared to temporarily adjust its regulations should the situation deteriorate.

The Commissioner underscored the broader implications of the blockade, stating, «The blockade of the Strait of Hormuz is a stark reminder of why we must accelerate the transition to alternative fuels.» He concluded by emphasizing the critical need for the European Union to achieve energy independence.