Iran's Strait of Hormuz closure costs EU €500M daily, von der Leyen warns
The Strait of Hormuz closure caused by Iran tensions costs the EU €500M daily, according to Commission President von der Leyen.
Published 15sem·2 sources✓ ConfirmedMajor
The fact
Oil and gas prices have risen due to blockade of strategic shipping routes.
This situation severely affects Europe's economic and energy competitiveness.
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Impact économique : 500 millions d'euros de surcoût quotidien pour l'UE
Hausse des prix énergétiques affectant l'industrie européenne
Story timeline
Apr 29Iran's Strait of Hormuz closure costs EU €500M daily, von der Leyen warnsthis article