Romania

Romania is at a moderate, but comparatively lower, risk level due to its 60% oil import dependency, benefiting from some domestic production, and no Hormuz exposure. Gasoline prices are $1.62/L, and the country maintains 85 days of oil reserves. While domestic production helps, it is insufficient to meet national needs, necessitating imports. Food risk is moderate, with fertilizer costs up 42%. The outlook for Romania is relatively more stable than some regional peers, though sustained global price pressures will still be felt in the coming weeks.