EU Energy Crisis Continues Due to Dependence on Strait of Hormuz

Moscow (ANTARA) - The energy price crisis in the European Union (EU) will not end in the near future because 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 harbour illusions that the crisis currently affecting energy prices will be short-lived; that will not happen,” said Anna-Kaisa Itkonen, Spokesperson for the European Commission on Climate Action and Energy, on Wednesday (8/4). Itkonen mentioned 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 refined 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 stated. On Tuesday night (7/4), US President Donald Trump announced that he had approved a two-week bilateral ceasefire with Iran and said that Iran had also agreed to open the Strait of Hormuz. Iran’s Supreme National Security Council stated that the United States had approved Iran’s 10-point proposal. Subsequently, Tehran will begin talks with the United States on Friday (10/4) in Islamabad, Pakistan.