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Al Jazeera

Why the Strait of Hormuz crisis is hitting Europe’s energy supply

Al Jazeera · Older
Al Jazeera
Al Jazeera
Older

Iran's closure of the Strait of Hormuz disrupts energy supplies, pushing European gas prices up 60% since the conflict began.

Breakdown
  • Iran's closure of the Strait of Hormuz halts energy shipments 26s
  • European natural gas prices have surged nearly 60% 47s
  • Spain and Germany introduce relief measures for high prices 52s
  • Italy seeks alternative LNG supplies from Algeria 1m 21s
  • Europe must now compete with Asia for shrinking LNG supplies 1m 39s
EnergyTransportMilitary & Conflict