This development highlights the extent to which the continent is exposed to geopolitical shocks occurring outside its borders, and reaffirms that energy security has become a priority that cannot be postponed. Martin Vladimir reveals the shock of rising gas prices facing Europe due to the war with Iran, pointing to a potential shift in the energy map. This could lead to an acceleration of the continent's decoupling from Russian gas, just as it finds itself increasingly drawn to American supplies. The Iranian attack that forced 'Qatar Energy', the world's second-largest exporter of liquefied natural gas, to halt production, pushed benchmark gas prices in Europe up by about 50%. Although Qatar accounted for only about 4% of the European Union's gas imports in 2025,
Gas Price Shock in Europe Due to War with Iran
The Iranian attack caused European gas prices to rise by 50%. This could accelerate the continent's decoupling from Russian gas and increase its dependence on American supplies, reaffirming the top priority of energy security.