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Europe Faces Energy Crisis Amid Iran War and Policy Shifts

4/2/2026

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Summary

Story summary

Europe faces a significant energy crisis worsened by the Iran war, with soaring fuel prices and potential shortages.
Experts say Europe is better prepared than in previous crises, even as political shifts undermine climate policies.
The European Union is unwinding parts of the Green Deal to prioritize competitiveness over pollution costs.
Germany is relaxing laws on gas boilers.
The European Union's emissions trading system is under threat.

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Story summary

Europe faces a significant energy crisis worsened by the Iran war, with soaring fuel prices and potential shortages.
Experts say Europe is better prepared than in previous crises, even as political shifts undermine climate policies.
The European Union is unwinding parts of the Green Deal to prioritize competitiveness over pollution costs.
Germany is relaxing laws on gas boilers.
The European Union's emissions trading system is under threat.