Dependent on the Strait of Hormuz, the Energy Crisis in the European Union is Far from Over

REPUBLIKA.CO.ID, BRUSSELS – The energy price crisis in the European Union (EU) will not end in the near future, despite the ceasefire reached between the United States (US) and Iran. Around 8.5 per cent of liquefied natural gas (LNG) imports and 40 per cent of jet fuel and diesel for EU needs pass through the Strait of Hormuz.

“In general, we must not delude ourselves that the crisis currently impacting energy prices will be short-lived; that will not happen,” said Anna-Kaisa Itkonen, Spokesperson for the European Commission’s Climate Action and Energy, on Wednesday (8/4/2026).

Itkonen stated that the EU obtains around 8.5 per cent of its LNG from the Strait of Hormuz.

“Whereas for oil, including crude oil and its products, around 7 per cent, mostly from Iraq, Kuwait, Saudi Arabia, and the United Arab Emirates, and for jet fuel and diesel around 40 per cent,” she said.

Escalating conflict around Iran has practically halted shipments through the Strait of Hormuz, which is the main supply route for global oil and LNG. As a result, fuel prices have risen in most countries.

On Tuesday night (7/4/2026), US President Donald Trump announced that he had approved a two-week bilateral ceasefire with Iran and stated that Iran had also agreed to open the Strait of Hormuz. Iran’s Supreme National Security Council said that the US had approved Iran’s 10-point proposal. Subsequently, Tehran will begin talks with the United States on Friday (10/4/2026) in Islamabad, Pakistan.