The ongoing war with Iran has once again underscored the European Union's impotence not only in global matters but also in terms of its own economic outlook. As EU leaders prepare to meet at the end of the month, they are confronted with the pressing issue of sharply rising energy prices, with natural gas prices in Europe having doubled from their recent lows. This situation raises concerns that leaders may be tempted to adopt short-term solutions that could further deepen the bloc's vulnerability instead of addressing the root causes of the crisis.

Europe's reliance on foreign fossil fuel imports is becoming increasingly dangerous, especially as the region struggles with chronic hydrocarbon supply shortages. The reminder of this precariousness shouldn’t require a Middle Eastern war, but it does highlight the urgent need for the EU to reconsider its energy policies. Just four years ago, the continent experienced a similar crunch when Vladimir Putin tightened gas supplies, leading to a spike in prices comparable to current trends.

Despite these disruptive events, political will for decarbonizing Europe's energy system has waned, giving way to lobbying against carbon regulations. This decline in commitment could hinder long-term solutions to energy dependency and sustainability, leaving the EU exposed to future energy crises and geopolitical risks.