Energy Iran Conflict Price, Inflation, Shortages.& Tariffs

Russia – EU Gas supply becomes a game of poker

I monitor all news related to the war in Iran that could affect oil prices.

Context

The EU has formally adopted the REPowerEU gas regulation (EU/2026/261), establishing a legally binding, stepwise timeline to eliminate all Russian natural gas imports by late 2027. This landmark measure aims to permanently sever energy ties with Moscow following the invasion of Ukraine.


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March 6 – Russia to stop Gas supply to EU



March 9 – Russia ready to supply Gas to EU

“We’re ready to work with Europeans too. ​But we ⁠need some signals from them that they’re ready and willing to work with us and will ensure this sustainability and stability,” Putin said.

Putin says energy crisis has arrived but Russia is ready to work with Europe 


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