Gulf-Eurasian energy crunch pushes Europe to the edge of an inflationary crisis

Gulf-Eurasian energy crunch pushes Europe to the edge of an inflationary crisis Submitted by Ilya Roubanis on Fri, 09/18/2026 - 17:18 Europe will be counting on luck as much as policy to face a mounting energy crisis fuelled by wars in Iran and Russia-Ukraine This photograph taken from Port-de-Bouc, southern France shows oil tankers in Martigues, on 25 March 2026 (Elodie Clement/AFP) Off Europe’s oil and gas supply is now disrupted by conflicts in both the Gulf and Eurasia. On Friday, Saudi Arabia told European ref