If fuel prices continue to rise, the European Union does not rule out rationing

The European Union is considering measures such asthe rationing of diesel and kerosene   and the release of more oil from strategic reserves in the face of the risk of a 'sustainable' energy crisis that could result from the Middle East war, EU Energy Commissioner Dan Jørgensen warned this Friday.

The Commissioner has stressed that the EU 'does not yet confirm a supply crisis', but that it intends to prepare contingency scenarios fortheeffects of the war between the United States and Israelon Iranon 28 February, so that if fuel prices continue to rise, theEuropean Union does not rule out rationing.  If the war continues, 'energy prices will be higher for a long time'.

After the first attacks, the price of Brent oil reached almost $120and is currently around $107 . However, volatility remains in the markets due to the closure of theStrait of Hormuz, which is controlled by Tehran and through which 20% of the maritime transport of crude oil passes.

'Weare preparing for the worst situation, even though we have not yet come to the point of having to rationing products such as kerosene or diesel. It is better to be prepared than to regret it afterwards, 'said the EU Energy Commissioner.

"We are looking at all options and it is clear that the more serious the situation is, the more we will have to look at legislative instruments as well," he added. Airlines are among the sectors most concerned about the supply of kerosene.