Hungary

Hungary is moderately vulnerable due to its 100% oil import dependency and significant reliance on Russian energy, though it lacks Hormuz exposure. Gasoline prices are at $1.72/L, and its 70 days of oil reserves offer a limited buffer compared to regional peers. Food security is a moderate concern, with fertilizer costs surging by 48%. The outlook indicates ongoing challenges as Hungary actively seeks alternative energy supply routes to reduce its concentrated energy dependencies in the coming weeks.