Italy

Italy faces moderate energy security risks, with an 88% oil import dependency and moderate exposure to the Strait of Hormuz, contributing to gasoline prices of $2.05/L. The country's reliance on imports for 75% of its energy needs is further complicated by recent Algerian pipeline disruptions. With 75 days of oil reserves, the buffer is limited, and a moderate food risk adds to economic concerns. The outlook for the coming weeks points to sustained high energy costs and potential supply volatility, requiring proactive energy management strategies.