EU Assessing ‘All Possibilities’ Including Fuel Rationing Amid Energy Crisis

Iran has allowed some ships through the Strait of Hormuz in recent weeks, but traffic is down by more than 90 percent.

Mockups of Iranian missiles displayed outside a museum in Tehran, Iran, on March 31, 2026. AFP via Getty Images

The European Union’s energy commissioner, Dan Jorgensen, says the bloc is assessing “all possibilities,” including fuel rationing, amid growing supply challenges triggered by the conflict in Iran.

“This will be a long crisis,“ Jorgensen told the Financial Times, ”Energy prices will be higher for a very long time.”