European energy CEOs warn of looming supply crunch amid Middle East tensions and rising prices.

European energy leaders from Shell, TotalEnergies, and Enquest warn of a potential energy supply crisis as tensions in the Middle East disrupt access to the Strait of Hormuz. Crude oil prices have surged nearly 40%, nearing $120 a barrel, prompting emergency measures in Asia and concerns spreading to Europe. Governments are responding with fuel rationing, subsidies, and stockpile releases, but challenges remain as demand from Asia and Europe rises simultaneously. The situation underscores the critical link between energy security and national security amid ongoing geopolitical risks.