ijra — Live news map of the Middle East, Sudan and Pakistan

European Commission president: Hormuz closure costs Europe an extra 127 billion euros for energy

Strait of Hormuz, Iran ·

According to von der Leyen, the extra cost represents higher spending on fossil fuel imports since the strait was closed, without any additional energy being obtained.

The Strait of Hormuz is a narrow waterway between Iran and Oman that links the Gulf with the Arabian Sea, and a large share of the world's seaborne oil passes through it.

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