login
who are we?
contact us
qosheapp
EU says energy costs tied to Hormuz crisis have surged past $35B
EU says energy costs tied to Hormuz crisis have surged past $35B
Global energy price increases tied to the Hormuz disruption are driving higher import costs in Europe, despite limited reliance on gas flowing through the strait.
Rina Bassist , Jack Dutton
May 5, 2026
An elderly pedestrian walks past a daily prices panel for SP95-E10, SP98 and diesel at a Esso Express petrol station in Toulouse, southwestern France, on April 3, 2026, as the US-Israel war on Iran has roiled global energy and equities markets, sending oil prices skyrocketing after Tehran virtually closed the key Strait of Hormuz. — Lionel BONAVENTURE / AFP via Getty Images
عربي简体中文Español
PARIS/LONDON — The Iran war and the ensuing closure of the Strait of Hormuz have generated an unprecedented global energy crisis that has already cost the European Union more than $35 billion, EU Energy Commissioner Dan Jorgensen warned Tuesday.
What happened: “Since the outbreak of the........
© Al Monitor
visit website