Brussels, March 30 — Energy ministers from across the European Union will meet Tuesday by video conference to coordinate responses to disruptions in global energy markets linked to the ongoing conflict involving Iran. The meeting, due to start at 13:00 GMT, will review recent market developments, identify where stronger EU-level coordination is needed and consider concrete measures to address tightening oil and gas markets.
Ministers are expected to discuss joint actions to stabilise markets and safeguard energy security for member states, including steps to mitigate short-term supply shocks and to improve information-sharing and contingency planning at EU level.
Analysts at ING Bank say a repeat of the 2022 gas-price spike is unlikely because global gas markets are better supplied today and a large pipeline of LNG export capacity is coming online. However, natural gas remains a key input under the marginal pricing system for electricity, so even moderate increases in gas prices can translate into higher power bills.
The report notes Europe has substantially expanded renewables since the 2022 crisis: installed solar and wind capacity rose about 57% between 2021 and 2024, with estimates pointing to an additional roughly 15% increase in 2025. That growth in low-carbon generation is expected to add resilience to the continent’s energy mix over time.
Separately, U.S. President Donald Trump said he was optimistic about a potential deal with Iran after what he described as “very good negotiations,” and pointed to Tehran allowing 20 oil tankers to transit the Strait of Hormuz as a “sign of respect.” Speaking to reporters aboard Air Force One en route to Joint Base Andrews, he said a deal “could be soon” and that talks were happening both directly and indirectly.
The meeting follows reporting by Reuters and ANI and aims to give EU ministers a coordinated platform for responding to evolving risks to supply and prices.
