Greece

Greece faces a moderate energy security risk, primarily due to its near-total oil import dependency at 98% and moderate exposure to Hormuz disruptions. Gasoline prices are among the highest at $2.02/L, directly impacting the crucial tourism sector, which is experiencing significant pressure from elevated fuel costs. With 55 days of oil reserves, Greece has some buffer, but a 58% increase in fertilizer costs poses a moderate food risk. The outlook for Greece suggests continued economic headwinds, as high energy prices weigh on key industries and consumer spending in the coming weeks.