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

Europe is facing a severe energy supply disruption as conflicts in the Gulf and Eurasia threaten the continent's oil and gas imports. On Friday, September 18, 2026, reports indicated that Saudi Arabia has informed European refineries that no crude oil deliveries should be expected for the upcoming month.

The crisis is being driven by ongoing wars in Iran and the Russia-Ukraine region, which have constrained energy flows. European authorities are now navigating an inflationary environment, with the continent's ability to maintain energy stability increasingly dependent on a combination of policy measures and external circumstances.