European Union officials are warning that the energy crisis stemming from the Iran conflict will not be short-lived, with aviation fuel costs already rising sharply across the continent and threatening to increase long-haul flight prices by over $100 per ticket.
The European Commission’s energy commissioner stated that Europe faces a hard summer ahead due to the ongoing energy fallout from the war in Iran, emphasizing that disruptions to oil supplies through the Strait of Hormuz are quickly translating into higher fuel prices at the pump and for airlines.
According to reports, jet fuel shortages have eased somewhat following earlier concerns, but the broader impact of rising aviation fuel costs continues to pressure the airline industry, particularly on long-distance routes departing from European hubs.
Analysts note that the spike in fuel prices reflects broader anxiety over global oil supply chains, with Asian markets showing particular sensitivity due to their heavy reliance on Middle Eastern crude imports.
In early March 2026, gasoline prices in several import-dependent countries had already risen noticeably compared to February levels, driven by heightened fears of supply chain interruptions amid escalating regional tensions.
The situation has prompted warnings that Europe could be heading into one of its worst energy crises in recent history, with officials urging preparedness for prolonged market volatility and elevated transportation costs throughout the coming months.
