European governments are expressing deep concern over potential fuel shortages as the ongoing war involving Iran disrupts global oil supplies. Several European countries fear severe energy deficits in the coming months. Sweden’s Minister for Economic Affairs voiced particular worry about the nation’s jet fuel reserves, describing them as a major cause for concern.

The Swedish government had earlier stated that the Middle East conflict was shifting from having a limited to a significant impact on its economy. Authorities have prepared contingency plans, including possible fuel rationing, to manage the situation. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) and its allies are set to hold a key meeting in Vienna, Austria, tomorrow.

The meeting is expected to be the last attended by the United Arab Emirates, which has announced its withdrawal from the alliance effective May 1. The crisis has been worsened by a blockade in the Strait of Hormuz, driving up global oil prices and intensifying pressure on major markets such as Europe and India.