The President of the European Commission: The closure of the Strait of Hormuz cost Europe 127 billion euros. Wunderlein, the head of the European Commission, said that when we import oil and gas, we actually import the shocks and crises that accompany them. He stated that this additional amount was spent on importing fuel without increasing its volume, and demanded that Europe's dependence on imported oil and gas be reduced. - Link.

The President of the European Commission: The closure of the Strait of Hormuz cost Europe 127 billion euros. Wunderlein, the head of the European Commission, said that when we import oil and gas, we actually import the shocks and crises that accompany them. He stated that this additional amount was spent on importing fuel without increasing its volume, and demanded that Europe's dependence on imported oil and gas be reduced. - Link.