Iran Conflict Costing Shipping Industry €340 Million A Day

Efficiency measures, electrification, and e-fuels are key solutions to reduce the shipping industry's exposure to fuel price shocks and supply disruptions. The cost gap between fossil fuels and e-fuels has narrowed, making alternative fuels more competitive. T&E's analysis shows that investing in European e-fuels and energy efficiency measures can help avoid future fossil fuel shocks. Scaling up domestic e-fuel production and electrifying ships like ferries can reduce pressure on the fuel market and strengthen energy security. T&E calls on European policymakers to accelerate the transition towards a more resilient and competitive maritime industry, with a focus on promoting green e-fuels in the maritime sector through financial aid and strengthened targets in FuelEU Maritime.

https://cleantechnica.com/2026/03/27/iran-conflict-costing-shipping-industry-e340-million-a-day/