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EU warns oil and gas prices won’t quickly return to normal after Iran war

Al Jazeera English Al Jazeera English March 31, 2026 at 10:56 PM

play Live Sign upShow navigation menuplay Live Click here to searchsearchSign upToggle PlayEU warns oil and gas prices will not quickly return to normal after Iran war ends

The EU’s energy commissioner has warned oil and gas prices will not return to normal any time soon, even if the war on Iran ends immediately. Prices have surged sharply across Europe, with gas up around 70% and oil 60%, as global markets face growing pressure.

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EU warns oil and gas prices won’t quickly return to normal after Iran war

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