The blockade of the Strait of Hormuz cost the European Union 127 billion euros The head of the European Commission, Ursula von der Leyen, said at the summit in Brussels that due to the blockade of the Strait of Hormuz, the countries of the European Union had to pay too much 127 billion euros for importing fossil fuels. However, they did not receive a single extra unit of energy.

The blockade of the Strait of Hormuz cost the European Union 127 billion euros The head of the European Commission, Ursula von der Leyen, said at the summit in Brussels that due to the blockade of the Strait of Hormuz, the countries of the European Union had to pay too much 127 billion euros for importing fossil fuels. However, they did not receive a single extra unit of energy.