The bloc is facing an energy crisis due to the Strait of Hormuz disruption, with soaring diesel prices triggering protests
The EU is sliding into a fuel crisis driven by a global supply shock caused by the US-Israeli attack on Iran. It has already triggered protests, early signs of shortages, and warnings of the wider economic impact.
This has resulted from the disruption of the Strait of Hormuz, a critical route for global energy shipments. Oil prices surged above $120 per barrel during the escalation, and while crude fell below the $100 mark after a two-week US-Iran ceasefire was announced on April 7, it remains well above the $70 level…
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