European Union officials say oil and gas prices in Europe are likely to remain elevated compared with pre-Iran-war levels through at least the end of 2027. According to reporting from both outlets, the assessment reflects expectations that energy markets will continue to face tighter supply and higher costs for an extended period. The officials’ forecast focuses on keeping prices above the levels seen before the Iran war, indicating that any eventual return to earlier pricing is not expected in the near term. While the reports do not provide detailed figures or a breakdown by product, they frame the outlook as a multi-year expectation rather than a short-term fluctuation. The overall message is that European consumers and businesses should prepare for persistently higher oil and gas prices over the coming years, with policy planning and market expectations likely to take place around that timeline. The accounts also point to the officials’ role in setting or communicating the EU’s longer-term view of energy affordability and market conditions.