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)

This photograph shows 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)

ROCKY MOUNT, NORTH CAROLINA - MARCH 13: Administrator of the U.S. Small Business Administration Kelly Loeffler (R) leaves the stage as U.S. Vice President JD Vance arrives to speak at The Power House on March 13, 2026 in Rocky Mount, North Carolina. Vance traveled to North Carolina to deliver remarks on the Trump administration's economic agenda. (Photo by Kent Nishimura/Getty Images)