EU summit: Leaders fail to lift Orbán’s veto on €90bn loan for Ukraine

Italian Prime Minister Giorgia Meloni, Danish Prime Minister Mette Frederiksen and Dutch Prime Minister Rob Jetten hosted the customary informal meeting on migration on the sidelines of the summit, according to diplomats.

The meeting was attended by Commission President Ursula von der Leyen and the leaders of Austria, Belgium, Bulgaria, Cyprus, Germany, Greece, Poland, Latvia, Malta, Slovakia, the Czech Republic, Sweden, and Hungary, all of which are interested in innovative solutions for managing migration and increasing migrants’ returns.

Meloni and Frederiksen presented a letter aimed at strengthening European support for populations affected by the conflict in the Middle East, calling for coordination in case of new waves of migration from this area due to the war, to avoid a repeat of the 2015 migration crisis.

President von der Leyen outlined the Commission’s main areas of work on migration, focusing in particular on negotiations on the controversial ‘return regulation’, which allows member states to build deportation centres outside EU territory and should be approved by the European Parliament next week.

Council president António Costa hailed multilateralism and the United Nations as crucial elements of the international order as he welcomed UN Secretary General António Guterres in Brussels.

“In this very troubled moment we are living in, more than ever, it’s decisive to uphold the international rules-based order to support multilateralism,” Costa said.

Costa praised Guterres’ role in leading the United Nations during the current geopolitical crisis.

“A lot of international actors are challenging the international order, but what we are experiencing is that in fact, there is no alternative for the international rules-based order, the alternative is chaos, the war in Ukraine, in the middle east and humanitarian dramatic situations,” Costa said.

“We need to uphold multilateralism to support the United Nations, I can ensure that the EU will continue to be a great supporter of the United Nations,” he added.

The European Council has adopted joint conclusions on support for Ukraine, but without the signatures of Hungary’s Viktor Orbán and Slovakia’s Robert Fico, both of whom are involved in a dispute with Kyiv over the Druzhba oil pipeline.

The statement speaks of the €90 billion loan for Ukraine, which Hungary is blocking, and the 20th package of sanctions against Russia, which Hungary and Slovakia are blocking.

According to an EU diplomat, during discussions, Orbán made a “very brief” intervention inside the room, arguing he had “the right to block the decision” adopted by leaders in December.

As we reported earlier, Budapest and Bratislava have harshly criticised the European Commission for excluding their own national experts from the inspection of the pipeline. “Their exclusion raises fundamental questions regarding the credibility and objectivity of any conclusions,” they say.

Before joining EU leaders for a working lunch, UN Secretary General António Guterres urged the United States and Israel to end their attacks against Iran, noting the war risks “getting completely out of control”.

“This war is causing immense trouble to civilians and its propagation around the global economy can be really dramatic, with potential tragic consequences, especially for the least developed countries,” Guterres said.

The UN Secretary General also urged Iran to stop attacking its neighbours arguing “they were never parties” to this war and asked the Islamic Republic to open the Strait of Hormuz.

“The prolonged closure of the Strait is causing pain for those who have nothing to do with this. It’s time for diplomacy to prevail over war,” Guterres said.

EU leaders have spent around 90 minutes discussing Hungary’s veto on the EU’s €90 billion loan to Ukraine, with no sign that a defiant Prime Minister Viktor Orbán will climb down.

One diplomat described the exchange as “heated.”

Another senior EU official said that European Council President Antonio Costa had taken the floor to denounce both Orbán’s manoeuvres as well as comments made by Ukrainian President Volodymyr Zelenskyy in recent weeks as the fierce dispute between both leaders spilled over in public.

There is no real Plan B or workaround to allow the cash to flow to Ukraine, the official added, explaining that the only solution is for Hungary to honour its commitments. Orbán gave his political blessing to the loan back in December when he, along with the leaders of Slovakia and the Czech Republic, negotiated special exemptions from financial contributions to the loan.

He has since withdrawn his support over the disruption of supplies of Russian crude via the Druzhba pipeline, which Kyiv says was damaged in a Russian strike in late January. Orbán has blamed Zelenskyy and made the feud a centrepiece of his ongoing re-election campaign ahead of the Hungarian parliamentary vote on April 12.

Several EU leaders earlier expressed exasperation with the Hungarian premier, with President Emmanuel Macron noting that Ukraine needs the money to hold the front line and shield European security.

Slovakia and Hungary complained to Ursula von der Leyen about not being informed in advance of an EU expert mission to inspect damage to the Druzhba pipeline and regretted that their own experts were not included, despite early offers to participate, according to a letter seen by Euronews.

The two countries sent a letter to von der Leyen expressing dissatisfaction with the European Commission’s slow and ineffective response to issues related to oil transit through the Druzhba pipeline, claiming the EU executive consistently advocates for Ukraine’s interests rather than those of the bloc’s member states.

Bratislava and Budapest argue that this exclusion raises doubts about the credibility and objectivity of any findings and call for greater transparency and cooperation involving all affected parties.

Ukraine’s foreign minister Andrii Sybiha called on EU leaders to “sharply increase” pressure on Russia, warning that soaring energy prices driven by the Iran war and the broader Middle East escalation could ‘increase the risk of Russian aggression escalating in Europe”.

“Russian shadow fleet tankers must not only be stopped but also seized,” Sybiha said. “Individual sanctions must be expanded. It is also time to impose EU-wide entry bans for Russian combatants.”

Sybiha refered to the 20th EU sanctions package against Russia, which remains blocked by Hungary. Arriving at the summit on Thursday morning Viktor Orbán reiterated that Budapest will uphold his veto on a €90 billion EU loan to Ukraine until oil deliveries through the Druzhba pipeline are restored.

“The 20th EU sanctions package must be adopted without delay, and any blackmail by separate member states on unrelated issues must be stopped with decisive action,” Sybiha said as he insisted that “sanctions against Russia are about more than just supporting Ukraine or expressing solidarity with Ukrainians”.

“The same is true for the €90 billion loan for Ukraine—this money is not charity; this is an investment in countering Russian aggression and maintaining peace in Europe.”

European Parliament President Roberta Metsola said Thursday that real change in Iran must be driven internally, calling for a diplomatic solution to end the conflict.

“Real change for Iran is possible, but it can only come from within,” Metsola said at a press conference on the margins of today’s European Council. “Europe is ready to support that process. We will intensify our work with Iran’s opposition to bring about change in the region.”

Metsola spoke days after Israel killed Iran’s intelligence minister Esmail Khatib, and after the death of the country’s de facto leader Ali Larijani. According to US media quoting US intelligence officials, the US-israeli strikes have weakened the Iranian government, but it is more hardline and the powerful Islamic Revolutionary Guards still carry significant weight.

French President Emmanuel Macron and German Chancellor Friedrich Merz had earlier called for negotiations in the Middle East as the conflict escalates and the strategic Strait of Hormuz remains blocked.

Metsola also said that “diplomatic solutions should be used” and that “there is need for de-escalation.”

EU experts are already in Ukraine to evaluate the status of the Druzhba oil pipeline, according to state energy company Naftogaz.

Naftogaz CEO Serhiy Koretskyi shared a photo on X, describing it as a meeting with “members of ​a technical working group”.

“Together with EU Deputy Ambassador Gediminas Navickas, we met with a technical working group,” Koretskyi wrote, offering no further details about the experts’ identities or whether and when they are expected to arrive in Brody, Western Ukraine.

He said the group’s work should help Naftogaz and its subsidiary Ukrtransnafta restore the pipeline “in ‌accordance with ⁠the highest European engineering and safety standards and to prevent further terrorist attacks.”

On Wednesday Ukraine’s foreign ministry said Kyiv had no information about an EU mission tasked with inspecting the damaged Druzhba pipeline in Ukraine.

The ministry spokesperson Heorhii Tykhyi said on March 18 he was not “aware of any specific agreed-upon dates or trips.”

EU lawmakers on Thursday cleared the way for the full adoption of the EU–US trade deal struck in July 2025 by EU Commission President Ursula von der Leyen and US President Donald Trump.

MEPs had kept the agreement on hold following Trump’s threats over Greenland as well as recent ruling by the Supreme Court of the United States that declared illegal the US tariffs imposed in 2025. Fresh duties were introduced shortly after by the White House.

The US last week also launched investigations into EU goods over alleged unfair trade practices, raising concerns among lawmakers.

Political groups ultimately reached a compromise to include safeguards in the deal which was adopted on Thursday in the trade parliamentary committee.

The EU–US trade deal sets 15% US tariffs on EU goods, while the EU commits to cutting its own to zero and investing in the US.

Read more on Euronews.

As EU leaders gather in Brussels, Iranian attacks on the Ras Laffan gas field, Qatar’s largest energy site, have sent prices soaring.

Euronews Business has the latest.

NATO Secretary General, Mark Rutte, says he is “confident” that NATO allies – along with the US – will “find a way forward” to securing the Strait of Hormuz. He told reporters Thursday allies are already in talks with the US on reopening the under-fire Strait.

At a press conference alongside Romanian President Nicușor Dan at NATO HQ in Brussels, Rutte reiterated his endorsement of the US/Israel war on Iran saying “it was crucial for Iran not to get their hands on a nuclear capability, a ballistic missile capability.”

He added that he “senses” the alliance agrees with the US-Israeli objective of degrading Iranian nuclear and ballistic capabilities.

“What I’m sensing and hearing is that we all agree, as we always did, that what the US is doing at the moment is degrading that capability of Iran”, he told reporters. “I think that’s very important. This is important for European security, for the Middle East. It is vital for Israel itself.”

“A nuclear Iran would potentially have been a direct threat to the future of Israel, but again, to the whole Middle East and to Europe”, Rutte said. 

“Then when it comes to the Hormuz Strait, everybody agrees this strait cannot stay closed. It has to open up again as soon as possible. This is crucial for the world’s economy”, he said, adding that allies were discussing with the US and among each others to find “the best way forward to tackle this huge security issue.”

German Chancellor Friedrich Merz and Spanish Prime Minister Pedro Sánchez have met for the first time since Merz visited the White House and witnessed US President Donald Trump lash out at Spain for refusing to allow its military bases to be used in the strikes against Iran. Trump infamously threatened to impose a trade embargo against Spain as Merz stood silent by his side.

The fact that the leader of the largest European economy kept quiet caused immediate backlash.

But on Thursday, Sánchez said there was no bad blood between them.

“Regarding the German government, I want to say that we have the best possible relationship,” he told reporters. “What is important for me is — and I want to thank Chancellor Metz for this — that in the private meeting he had with President Donald Trump, he explained the solidarity of Europe, and of course, also of Germany, with Spain in the face of a threat of coercion that has nothing to do with trade policy.”

German chancellor Friedrich Merz has confirmed his readiness to help in the Middle East, but only after the end of hostilities.

“First of everything, the fighting must come to a halt,” he said speaking to reporters upon arriving at the European Council.

“We will only be able to get involved once the guns fall silent. At that point, however, we can do a great deal, including through close cooperation with Israel and the Gulf states. We will also need an international mandate, which we do not currently have.”

Merz hoped for a swift conclusion of the war, but for this Iran had to stop its “terror” and abandon its nuclear programme. “If all of this is possible in the coming days, then we are moving in the right direction. But we will continue to face these challenges for a long time to come. And that is why there are still many steps ahead of us before we can even begin to consider such a matter.”

Germany is trying to maintain a careful diplomatic balance with US President Donald Trump as tensions over the Iran war spread across Europe.

Before this week’s EU summit, Merz reiterated that Germany and its European allies will not join the US-Israeli war effort. 

Frustration is high in Europe after Trump launched the war without consulting allies. “Washington did not consult us,” Merz said before the Bundestag in Berlin. “We would have advised against it.”

The EU summit, meant to focus on long-delayed economic reforms, will now center on energy, trade, and the fallout from Trump’s unilateral move. Merz is urging partners to back reforms to restore Europe’s leverage.

Right-wing governments across Europe are trying to exploit the issue of high energy prices to dismantle climate policies, Spanish Prime Minister Pedro Sánchez has warned. Sánchez is one of the few remaining socialists in the European Council and has often clashed with his conservative counterparts.

“Unfortunately, there are political groups, there are governments that are using this crisis, this rise in electricity prices, to undermine, question, and try to weaken climate policies,” he said upon arrival.

“Spain will defend, as it has defended along with other European nations and governments of all political persuasions, the need not to weaken but to increase and strengthen green energy policies that not only allow us to respond to the challenge facing humanity, which is climate change, but also allow us to protect citizens’ finances by enabling them to pay less for electricity as a result of the implementation of renewable energies.”

According to Sánchez, the vast deployment of wind and solar energy allowed Spain to enjoy a price of €14 per megawatt-hour last Saturday, as opposed to €100 in France and Germany.

The Spanish leader insisted that the Emissions Trading System (ETS), which is under pressure from right-wing governments, “is one of the main pillars of climate policy in Europe” and the bloc should “certainly not dismantle it, not weaken it, but on the contrary, strengthen it”.

French President Emmanuel Macron strongly condemned the ongoing destruction of energy infrastructure in the Gulf region, calling the current escalation “reckless”.

“All minds should calm down, and the fighting should stop, at least for a few days, to try to give negotiations a chance,” Macron said, adding that the region should stop fighting during the upcoming festivities. (Iran is celebrating Nowruz, its New Year’s celebration on March 20).

Macron referred specifically to Qatar, where a missile strike sparked a fire severely damaging the country’s main gas facility – the largest in the world. He said he had spoken to the Emir of Qatar as well as with US President Donald Trump. 

The French president also urged Hungary, without naming the country, to agree on the EU’s €90 billion loan for Ukraine.

“We must implement the loan,” he said, adding that Europe must also expand its military production capacities.

Finnish Prime minister Petteri Orpo accused Hungary Prime minister Viktor Orban on Thursday of betraying his EU partners after vetoing a €90 billion loan to Ukraine.

“He’s using Ukraine as a weapon in his election campaign, and it’s not good,” Orpo said upon his arrival to the EU summit, adding: “We had a deal, and I think that he betrayed us.”

“We need to find a solution how to go forward,” he added.

Orban justified his refusal by Ukraine’s failure to repair damage caused to Druzhba pipeline, which carries Russian oil through Ukraine to Hungary and Slovakia, both countries being exempted from the EU embargo on Russian oil.

Swedish Prime Minister Ulf Kristersson criticised his Hungarian counterpart Viktor Orbán for blocking the previously agreed EU loan to Ukraine, calling the move “unacceptable.”

“It is unacceptable to block decisions that have once been agreed. At the same time, the Commission has offered to help establish a management framework for legal Russian oil imports. I hope we will resolve that problem during the day,” Kristersson said.

The Swedish Prime Minister said Orbán was using the issue to apply pressure on EU leaders for domestic political purposes, ahead of Hungary’s parliamentary elections in April.

“My view is that he is doing it for domestic political reasons in Hungary,” he said.

Kristersson added, however, that Hungary’s imports of Russian oil were legal under EU rules, noting that both Hungary and Slovakia had secured exemptions from European sanctions on Russian oil imports when they were first introduced.

Pedro Sánchez, the prime minister of Spain, has doubled down on his criticism of the US-Israeli strikes on Iran, calling them “illegal”.

“Europe is based on the principles of multilateralism, therefore, on shared, not unilateral, decisions, on international law, on peace, on respect for peaceful coexistence between nations and between societies. And that is precisely what is being called into question now, once again, in this case in the war in Iran,” he said.

“Europe must defend its values ​​and principles, those enshrined in our treaties,” he went on.

“Let us defend the international order based on rules, not on the law of the strongest. Let us defend a constructive agenda with other countries, whether the United States or the countries of our southern neighbourhood, and let us stand with those who suffer violations of international law, as is the case in Ukraine and Palestine.”

Credit: Associated Press

The EU summit has officially begun. Here’s the expected order of things:

• Exchange of views with Roberta Metsola, the president of the European Parliament
• Discussion on Ukraine, with President Volodymyr Zelenskyy addressing leaders via VTC
• The war in the Middle East
• Working lunch with UN Secretary General Antonio Guterres
• Competitiveness
• Working dinner on the EU budget

This is indicative, and things could change as leaders go through the most contentious topics.

European Parliament President Roberta Metsola called on Hungarian Prime Minister Viktor Orbán to honour his previous commitments on the EU’s 90 billions loan to Ukraine and lift his veto on the package.

“If you say that you will commit to something, then that needs to be followed through,” Metsola said. “This has always been the spirit of the European Council — it is the spirit of loyal cooperation between institutions.”

Metsola also addressed the war in Iran and its direct consequences for Europe, warning that rising energy prices were already being felt across the continent.

“We will continue to ask for de-escalation. What we saw this morning — happening over the last hours — has a direct impact on Europe, not only in terms of security, but also in terms of rising prices,” she said.

The Irish Taoiseach has described as “unacceptable” the continuous strikes by US and Israeli on energy infrastructure. Israeli airstrikes are reported to have damaged the world’s largest natural gas airfield, South Pars, in Iran on Wednesday. 

“Any further attacks on energy infrastructure in the Middle East is unacceptable”, Micheál Martin told reporters in Brussels. “It will have long term repercussions for the energy market, and all sides need to resist from such attacks on energy infrastructure”, he said. 

Mr. Martin also responded to the deaths of around 170 schoolchildren and teachers in Minab, Iran, on the first day of the war, saying it was “abhorrent.” 

“Any killing of children is abhorrent, I’ve made that point already, both in the Dail (Irish parliament) and elsewhere, it’s absolutely abhorrent”, he said. 

Martin has just returned from a meeting with US President Donald Trump at the White House for St. Patrick’s Day on Tuesday. He said the EU and the UN needs to assume a role in ending the conflict through diplomacy. 

“Certain things can get said publicly, but I think a lot of diplomacy needs to happen, and Europe is well placed to use its diplomatic routes to try and get this back to a situation that can lead to a de-escalation and the resolution at the UN.” 

High Representative Kaja Kallas says the United States and Israel failed to justify the use of force against Iran.

“We don’t know what are the objectives of this war. And, also, there is no international law basis. If you think about using force, for example, there are two cases: one is self-defence, and the other one is under the UN Security Council resolution, as there is no such thing at this moment,” Kallas said before heading into the summit.

“Member states do not have an appetite to go to this war.”

Because of this, the EU is not willing to deploy a military mission to reopen the Strait of Hormuz, Kallas said, but there are ongoing discussions with the United Nations to find a wider solution.

“What is important is that for all of us in the European Union, we want to see the end of this war. We definitely see the chaos that is causing in the Middle East, but also the ramifications it has for the rest of the world,” Kallas said, speaking about energy and fertiliser exports.

“We are working with our Gulf partners, also with Egypt, Jordan, to find a solution that the parties could end this war.”

Kallas decried Iran’s execution of a Swedish citizen on Wednesday, which took place shortly after she spoke with Iran’s foreign minister. Kallas was not informed about the execution in advance and was therefore unable to raise the matter during the phone call.

High Representative Kaja Kallas has criticised Hungary’s Viktor Orbán for backtracking on the agreement reached in December to provide Ukraine with a €90 billion loan, from which his country was exempted.

“I guess, you know, in the time of elections, people are not that rational,” she said, referring to Orbán’s bruising re-election campaign.

Kallas said she was not “very optimistic” about lifting the veto during the summit, given the ongoing dispute between Hungary and Ukraine over the Druzhba pipeline. She said there were “alternatives” if the loan were to fall apart and urged leaders to show the “political courage” needed to overcome the impasse before Kyiv runs out of money in early May.

“It’s really time to show our support to Ukraine, because the war in the Middle East is connected to the war in Ukraine,” she said. “And unfortunately, Russia is gaining from the war in the Middle East. So that’s why, exiting or ending this war (in Iran) is equally important to have a solution also for Ukraine that is not complete surrender to Russia.”

Credit: Associated Press

Austrian Chancellor Christian Stocker said his government will push to extend free emissions trading certificates beyond the 2034 deadline, as part of efforts to reduce energy costs for Europe’s industry.

Austria is among ten European Union member states that have written to the European Commission calling for such move.

“I have been very committed to this — even writing a letter, now supported by nine other countries — to extend the free certificates beyond 2034 and simultaneously allow the gas price to be factored out of the certificates. This would also help lower prices, which our industry urgently needs,” Stocker said.

The Chancellor also turned his attention to Hungary, calling on Prime Minister Viktor Orbán to honour a previous commitment on the EU loan to Ukraine and warning against using the issue for domestic political gain. Hungary is scheduled to hold parliamentary elections on 12 April.

“If this is part of the election campaign, then I believe we must also be honest with each other and say that this is not a valid argument — given how Ukraine is faring, how the people of Ukraine are faring, and what we ourselves have previously agreed,” Stocker said.

António Costa, the president of the European Council, who will chair today’s summit, says the political push to lower energy prices must take into consideration the next generation of Europeans.

“The current conflict in Iran shows once again that the best way to have a predictable and reliable horizon on our energy is to increase the home-grown production of energy,” Costa tells reporters.

“Of course, we need to do this, taking into account the specificity of different member states, the specificity of some economic sectors, (which) are intensive in the use of energy. But we need to do this together and never forget that we need to not only protect our companies today, but we need also to ensure that the next generation continues to have a planet to live on,” he goes on.

“Energy means security. We need to be able to build our own capacity to produce our own energy, because it’s the only way to be secure.”

Credit: Associated Press.

Lithuania’s President Gitanas Nausėda told reporters ahead of the Council that he was “worried” to see the war in the Middle East overshadowing the war in Ukraine, as “we are in a very critical stage of the war,” and “we are still far away from a peace deal.”

Nausėda made clear that Russia had no intentions to come to a peace deal.

However, he said it was up to the EU to strenghen the existing sanctions regime, and push for the next 21th package of sanctions.

Hungarian Prime Minister Viktor Orbán is set to uphold his veto on a €90 billion EU loan to Ukraine until oil deliveries through the Druzhba pipeline are restored, intensifying a standoff with Kyiv that has already delayed an agreed financial package.

“We are ready to support Ukraine when we get our oil, which is being blocked by them. Until then, there is no decision that is favourable for Ukraine,” he said upon arriving at the summit in Brussels.

Hungary withdrew its support for the deal in mid-February following a dispute with Ukraine over the pipeline.

Hungary’s refusal to lift its veto has sparked criticism from several EU member states, which accuse Budapest of obstructing a deal that had already been agreed. The European Commission said this week that experts would conduct an on-site assessment of the Druzhba pipeline and deliver a report outlining possible solutions. Orbán, however, dismissed the move as inadequate.

“We are waiting for the oil — all the rest is just a fairy tale,” he said.

The Hungarian Prime Minister described the restoration of Druzhba supplies as “existential” for his country’s energy security.

The situation in Iran is “too volatile” to set up an international mission to reopen the Strait of Hormuz, says Rob Jetten, the new prime minister of the Netherlands.

“This is a war that was started by the United States and Israel against Iran for reasons that I can understand because the Iranian regime is brutal not only for its own people, but also for the broader region and a security threat to Europe,” Jetten says.

“But it’s not a war that we are part of. The Netherlands is ready, together with France and others, to protect European partners. But at the moment, there is no clear indication that there is a proper proposal for a mission,” he adds. “So we need to put focus on de-escalating the war at the moment and then look at extra measures that Europe can take.”

Asked about possible regime change in Iran, Jetten says it will not happen “with just bombing”.

“It’s only up to the Iranians to decide the future of Iran. Hopefully, this brutal regime will go away as soon as possible,” he tells reporters. “I’m a big fan of more sanctions from the EU on the Iranian regime and more support for the democratic forces in Iran.”

Regarding Hungary’s veto on the €90 billion loan for Ukraine, Jetten says the decision taken by EU leaders in December should be respected. He also praises the European Commission for sending a technical inspection to the Druzha pipeline. Experts are already on the ground.

Latvia’s Prime Minister Evika Siliņa lashed out against Hungary for blocking the 90 billions euros loan to Ukraine, reminding reporters that the deal on the loan was agreed at an EU summit in December.

“I don’t think we need to adjust a lot to those who don’t want to fulfill what has agreed,” Siliņa said. “Ukraine really needs the 90 billions euros.”

Rob Jetten, the new prime minister of the Netherlands, has arrived at his first-ever EU summit.

His message focuses on the Emissions Trading System (ETS), which puts a price on the carbon emissions released by the most polluting industries. Several countries, such as Italy, Poland and Romania, have blamed the ETS for high energy prices and demand immediate changes, even a full suspension.

But for Jetten, the ETS should not be touched.

“Let me be clear. The ETS system was crucial to speed up the transition in Europe. And without the ETS system, we would now be importing billions and billions of fossil fuels from outside of Europe,” he said.

“So I’m willing to look at how to improve our climate policies, but we’re not going to revoke policies that are, in the end, crucial to make sure that this continent is greener and stronger in the long term.”

Credit: Associated Press.

European leaders will be pushing for a quick fix to ease energy prices, rattled by the war in Iran.

With the Strait of Hormuz shut off, carrying one fifth of the world’s oil supply, and an overnight attack on an LNG facility on Qatar, the concern is the fragile supply will spark a global bidding war.

European gas prices opened Thursday pushing another 30% higher.

Upon arriving, Belgian Prime Minister Bart De Wever made it clear that his country has “no intention” to join the military confrontation in the Middle East launched by the United States and Israel.

“For now, I can tell you that Belgium has no intention to get implicated in the war on Iran. None whatsoever,” De Wever told reporters.

Last week, US President Donald Trump publicly called on Europeans to help him reopen the Strait of Hormuz, but the request was widely rebuffed. The issue will be discussed today at the summit, but EU leaders insist the solution should be diplomacy, rather than military escalation.

Bart De Wever, the prime minister of Belgium, is the first to arrive at the summit and is asked about his recent controversial remarks suggesting a normalisation of relations with Russia.

“Belgium wants to keep supporting Ukraine 100% and keep pressure on Russia very high,” De Wever tells reporters. “What I said is that I don’t think it’s normal that we’re financing a war, but we’re not represented at the negotiating table. That’s not a normal situation. We should negotiate to reach a normal peace.”

About normalising ties with Russia, De Wever notes this should only happen in the context of an “acceptable and sustainable peace”, which he considers “very long term”.

Asked about Hungary’s veto on the €90 billion loan, De Wever says: “We have to do the loan, it’s as simple as that. It has been politically decided, so it has to be executed.”

Here’s a compressed timeline to understand the dispute around the Druzhba pipeline that has paralysed the €90 billion loan for Ukraine.

• 27 January: Flows of Russian oil through the Druzhba pipeline stop after a drone attack near the Brody pumping station. The attack is attributed to Russia.
• 15 February: Hungary and Slovakia, the two countries that remain connected to Druzhba, ask Croatia to allow Russian oil through the Adria pipeline. Croatia denies the request because Russian oil is under both EU and US sanctions.
• 18 February: Hungary and Slovakia halt diesel exports to Ukraine, accusing the country of deliberately shutting down the pipeline. Kyiv insists it is damaged and oil flows cannot resume.
• 19 February: As tensions escalate, the European Commission convenes an emergency meeting of its Oil Coordination Group. The executive says there is no energy supply crisis.
• 20 February: In a sudden move, Hungary decides to block the €90 billion loan for Ukraine that EU leaders had endorsed in December. The country vetoes the only legislative proposal that relates to the EU budget and requires unanimity.
• 24 February: During a visit to Ukraine, Ursula von der Leyen says the loan will happen “one way or the other”. She also asks Volodymyr Zelenskyy to accelerate the repair works.
• 26 February: Viktor Orbán proposes a “fact-finding mission” to the pipeline and admits the “political difficulties” caused by his veto.
• 6 March: Tensions dramatically escalate after Hungary seizes a convoy from a Ukrainian bank and Zelenskyy suggests giving Orbán’s personal address to his soldiers.
• 10 March: Robert Fico says he has reached an agreement with von der Leyen on the need to restore Druzhba. He also offers repair assistance, but insists the pipeline is operational.
• 17 March: Ukraine agrees to an external inspection of Druzhba led by the European Commission. The fact-finding mission is quickly put together and sent to the country.
• 19 March: EU leaders meet in Brussels.

The 27 leaders of the European Union are heading into a stormy summit on Thursday, with Hungary’s veto of a €90 billion loan for Ukraine, the war in the Middle East and high energy prices set to dominate the talks.

Here’s what to expect.