An oil pump is pictured at an obsolete oilfield in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by CESAR MANSO / AFP via Getty Images)

An oil pump is pictured at an obsolete oilfield in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by CESAR MANSO / AFP via Getty Images)

An oil pump is pictured at an obsolete oilfield in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by CESAR MANSO / AFP via Getty Images)

An oil pump is pictured at an obsolete oilfield, with wind turbines in the background, in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by CESAR MANSO / AFP via Getty Images)

An oil pump is pictured at an obsolete oilfield, with wind turbines in the background, in Sargentes de la Lora on March 13, 2026, near Burgos in northern Spain, where oil first flowed in Spain in 1964. Spain's leftist government yesterday said it would soon present a plan to contain the Middle East war's impact on electricity and fuel prices in one of the most dynamic developed economies. The closure of the Strait of Hormuz, a vital waterway for oil and gas exports from the energy-rich Gulf, following the US-Israeli strikes on Iran from February 28 has roiled world energy markets. (Photo by CESAR MANSO / AFP via Getty Images)

This photograph shows oil tankers anchored at the Grand Port Maritime de Marseille-Fos at sunset, in Fos-sur-Mer, off the Mediterranean coast of southern France on March 13, 2026. (Photo by Thibaud MORITZ / AFP via Getty Images)

This photograph shows a small boat in front of an oil tanker anchored at the Grand Port Maritime de Marseille-Fos at sunset, in Fos-sur-Mer, off the Mediterranean coast of southern France on March 13, 2026. (Photo by Thibaud MORITZ / AFP via Getty Images)

This photograph shows oil tankers anchored at the Grand Port Maritime de Marseille-Fos at sunset, in Fos-sur-Mer, off the Mediterranean coast of southern France on March 13, 2026. (Photo by Thibaud MORITZ / AFP via Getty Images)