Thu, Nov 5 06:24 AM

The Strait of Hormuz closure has cost Europe an extra $142 billion for the same energy it was already buying

Fortune•Tue, Nov 3, 2026, 07:55 PM•2 min read

Ursula von der Leyen told a Brussels startup summit importing oil and gas means importing “the shocks and crises that come with them.

Source: [Fortune](https://fortune.com/2026/11/03/europe-strait-hormuz-closure-costs-energy-142-billion/)

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