Cyprus

Cyprus faces a high risk, stemming from its 100% oil import dependency and moderate exposure to Hormuz disruptions, which severely impacts its energy security. Gasoline prices are $1.52/L, but critically, the country only holds 42 days of oil reserves, making it highly vulnerable to any further supply interruptions. Food security is moderately threatened by a substantial 55% increase in fertilizer costs. Although offshore gas discoveries exist, their lack of current production means Cyprus will continue to face significant energy price volatility and potential supply challenges in the coming weeks.