Italy

Italy faces moderate energy security risks, with gasoline prices at $2.05/L and strategic oil reserves at 75 days. Its high overall energy import dependency of 75% and moderate Hormuz exposure leave it vulnerable to global market volatility. Compounding these issues, recent Algerian pipeline disruptions are adding significant pressure to its energy supply. The outlook for the coming weeks indicates continued economic stress and the urgent need for Italy to secure diversified energy sources to mitigate the combined impacts of the Iran conflict and regional supply interruptions.