Energy prices in the EU soared three months before June 2026.
92% confidence
EconomyEuropean Union
Omissions
The claim attributes the price spike to an unspecified cause, but the surge was triggered by a specific geopolitical event: the US-Israeli war on Iran that began on 28 February 2026, which disrupted energy flows through the Strait of Hormuz.
The claim uses the subjective term 'unbearable' ('insoportables'), which is a political judgment rather than a quantifiable metric.
The ECB noted in a subsequent blog post that, despite the spike, the price increase was less severe than during the 2022 Ukraine war shock, partly due to EU energy diversification efforts since 2022.
Sources
PrimaryCouncil of the European UnionEnergy measures to attenuate the impact of the current spike in energy prices. Note to the attention of the Eurogroup, Brussels, 26 March 2026.
SecondaryReutersEuropean gas prices have increased by more than 60% since the U.S.-Israeli war on Iran began on February 28. The Dutch TTF gas contract, the European benchmark, surged to its highest since December 2022.
SecondaryThe GuardianEuropean gas prices jumped, with the Dutch wholesale gas price up 24% at €68 a megawatt hour, the highest since the end of December 2022.
SecondaryBruegelThe immediate impact on energy prices has been significant. Oil prices spiked about 8% and the European gas price about 20% on the morning of 2 March.
SecondaryAleaSoft Energy ForecastingIn the first quarter of 2026, prices in most major European electricity markets increased compared to the previous quarter and exceeded €90/MWh.