Martin Ludvík: Current crisis already reflected in medium-term gas price outlook

Current tensions in the Middle East have once again highlighted how sensitive energy markets are to geopolitical shocks. The conflict involving Iran has significantly increased the risk premium on oil, natural gas and electricity in recent weeks, raising questions as to whether this is merely a short-term market reaction or the beginning of a longer period of heightened volatility. How might the current situation affect energy commodity prices, what scenarios are traders monitoring in the markets, and what impact could potential price swings have on European consumers and industry? We asked Martin Ludvík, Chairman of the Board and CEO of Powertica Energie a.s. The information provided in this interview is valid as of the date it was conducted, 23 March 2026.

Current tensions surrounding Iran have once again brought a significant geopolitical risk premium back to the market. In your view, is the current rise in oil and gas prices mainly short-term nervousness, or the beginning of a longer period of heightened volatility?