The effect of closing the Strait of Hormuz on Europe according to the German Chancellor The German Chancellor announced that conflicts related to Iran cost Europe more than 100 billion euros in the last eight months; According to him, this figure is mainly caused by the increase in energy prices. Emphasizing that this war had a wide impact on Europe, he asked the conflicting parties to turn to diplomacy to resolve their differences. - Link.

The effect of closing the Strait of Hormuz on Europe according to the German Chancellor The German Chancellor announced that conflicts related to Iran cost Europe more than 100 billion euros in the last eight months; According to him, this figure is mainly caused by the increase in energy prices. Emphasizing that this war had a wide impact on Europe, he asked the conflicting parties to turn to diplomacy to resolve their differences. - Link.