The impact of the war in Iran on the energy system has put Europe in front of the mirror. Is it possible to maintain supply on the continent in the face of global-scale disruptions like those experienced in the Strait of Hormuz? The Annual Meeting of the Cercle d’Economia brought together this Tuesday two heavyweights of the sector in Spain, the president of Naturgy, Francisco Reynés, and that of Repsol, Antonio Brufau, to resolve this question and many others. And their answer to this first question is clear: Spain can withstand the “shock,” but only as long as the conflict does not last too long.

Imagine eight two-lane roads where cars travel at high speed. When traffic increases, traffic jams eventually form. Suddenly, now there is the possibility of switching to a single 16-lane superhighway. Although vehicles may go a little slower, the number of cars that can move at the same time is immensely greater. And also, with greater energy savings.