European Commission announced a suite of emergency fuel measures on Wednesday, citing that the bloc has spent $28 billion (24 billion euros) on energy imports since the Iran war began, and that no extra molecules of energy have been received. The move comes as the EU faces its second energy crisis in less than five years, with the Strait of Hormuz bottleneck cutting jet fuel supplies and the shutdown of Qatar's LNG output driving natural gas prices higher across Europe and Asia. Key data show that the Commission's proposals aim to cut gas dependence, accelerate electrification, and establish a new Fuel Observatory to track production, imports, exports and stock levels of transport fuels. The observatory will help identify shortages and balance distribution during emergencies. ACI Europe welcomed the coordination mechanism, saying that "No airport in Europe is currently facing jet fuel shortages, and flight operations are proceeding normally." The director general added that the plan adopted today is the adequate strategy to mitigate potential jet fuel shortage risks given the uncertain situation over the Strait of Hormuz. The Commission also highlighted that "It is vital to speed up investment in the clean energy transition now, not least to break EU dependence on fossil fuels and make the EU resilient to future energy crises." Looking ahead, the Commission plans to unveil an Electrification Action Plan by summer, setting ambitious targets and removing barriers for industrial, transport and building sectors. The goal is to replace oil, gas and fossil transport fuels with homegrown clean energy, thereby enhancing security and reducing future crisis exposure. "The true impact of the current crisis is long term, evolving, and unpredictable," said Dan Jørgensen, European Commissioner for Energy and Housing. "As we cannot predict everything, we must be prepared for anything. We will coordinate more and better to secure supplies. We will seek to maximise existing refining capacity in Europe, and look into our rules on strategic and emergency stocks, to see if more can be done." Jørgensen acknowledged that Europe needs to accelerate investment and attract much more private investment to boost power infrastructure with more connections, more storage capacity, and more flexibility. He described the Middle East crisis as "a wake-up call and a turning point – when Europe steps away from fossil fuel dependence, and steps towards clean energy autonomy." "Because now it is more obvious than ever – clean energy means security," the official added. "In the future, instead of buying something and burning it to get energy, and then buying it again, we need to produce our own, homegrown, clean energy."