The head of the European Commission: the closure of the Strait of Hormuz causes Europe a loss of 127 billion euros Ursula von der Leyen, the president of the European Commission, said that the closure of the Strait of Hormuz resulted in additional costs of 127 billion euros for fuel imports to Europe.

The head of the European Commission: the closure of the Strait of Hormuz causes Europe a loss of 127 billion euros Ursula von der Leyen, the president of the European Commission, said that the closure of the Strait of Hormuz resulted in additional costs of 127 billion euros for fuel imports to Europe.