"Ursula von der Leyen", President of the European Commission, stated in her speech at the 'Win-Win Brussels' meeting: 'Since the closure of the Strait of Hormuz, the import of fossil fuels for Europe has incurred an additional cost of 127 billion euros, without receiving even a single molecule of extra energy.'
ISNA is a semi-official Iranian news agency (Iranian Students News Agency). This is a translation of that outlet's own report; it is the outlet's account, not Artesh's finding.
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Von der Leyen: Closure of the Strait of Hormuz has cost Europe an additional 127 billion euros
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November 4, 2026
1 min read
📰 ISNA
📋 Key Takeaway
Ursula von der Leyen highlighted the financial impact of the closure of the Strait of Hormuz on Europe, stating it has led to an additional cost of 127 billion euros for fossil fuel imports. This situation underscores the economic challenges Europe faces in energy procurement amidst geopolitical tensions.
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Translated from the original and edited for English readers. View original source →
Translation confidence: 85%
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