An energy shock, referred to as "energy shock 2.0", is being compared to past events, including the 2022 oil market shock and the 1973 embargo. The crisis, related to the Hormuz region, is prompting discussions about lessons learned and the need for a policy response, with some arguing that this shock demands a different approach than before. The impact of the energy shock on various regions, including Europe and Central and Eastern Europe, is being assessed, with considerations of resilience and potential trade-offs.