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The president of the European Commission, Ursula von der Leyen, stated that closing the Strait of Hormuz in practice cost the European Union an additional 127 billion euros (about 142 billion dollars) in fossil fuel imports.

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The president of the European Commission, Ursula von der Leyen, stated that closing the Strait of Hormuz in practice cost the European Union an additional 127 billion euros (about 142 billion dollars) in fossil fuel imports.

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