The supply shock that emerged in early March, caused by the military escalation between the US/Israel and Iran, and the resulting de facto blockade of the Strait of Hormuz, has had a massive impact on energy markets in Europe
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In many European countries, the market for electricity is very closely intertwined with the market for oil and gas
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PIE’s 31 March webinar, Iran War & The Plastics Crisis, underlined how the conflict in the Middle East is adding another layer of uncertainty to Europe’s plastics and chemicals value chain
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Your go-to for business news, Plastics Information Europe (PIE), kicked off the PIE Industry Talks webinar series on 19 February 2026 with a data-rich look at how the global plastics landscape has shifted since 2022
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A year of volatility and transition / Spot prices stay high amid weather extremes and grid bottlenecks / Germany anchors regional dynamics as renewables expand unevenly
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A year of consolidation and a ‘new normal’ comes to an end / Market stable after end of dramatic fluctuations from energy crisis / Political framework to continue to force players into further optimising diversification, storage, emissions strategies
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