Switzerland

Switzerland faces low direct energy security risk despite 100% oil import dependency, as it has no exposure to the Strait of Hormuz and maintains robust 100-day strategic oil reserves. Gasoline prices are elevated at $1.92/L, reflecting global crude price increases, but these are buffered by the strong franc and national reserves. The country's mandatory 90-day strategic reserves provide significant resilience against short-term supply disruptions. While fertilizer costs have risen by 40%, the overall food risk remains low, and the outlook for energy security in the coming weeks remains stable due to its preparedness and diversified supply routes.