Malta

Malta faces moderate vulnerability due to its 100% energy import dependency, island isolation, and moderate Hormuz exposure, amplifying supply chain risks. With only 45 days of oil reserves and gasoline at $1.45/L, its buffer is relatively thin. Food risk is moderate, compounded by a significant 52% increase in fertilizer prices. The outlook suggests continued monitoring of supply routes and reserve levels will be critical, as its geographic position and limited reserves make it susceptible to prolonged disruptions in the coming weeks.