Iran war prompts European rethink on energy security: How can the EU become more independent?
Europe’s energy dependence has been sharply exposed by the war in Iran. Although efforts have been made over the past four years to reduce reliance on Russia, disruptions to liquefied natural gas (LNG) shipments through the Strait of Hormuz have highlighted the EU’s continued vulnerability. The impact is already being felt in European households, with inflation rising to 2.5% in March, driven largely by soaring energy costs.
Europe’s energy dependence has been sharply exposed by the war in Iran. Although efforts have been made over the past four years to reduce reliance on Russia, disruptions to liquefied natural gas (LNG) shipments through the Strait of Hormuz have highlighted the EU’s continued vulnerability. The impact is already being felt in European households, with inflation rising to 2.5% in March, driven largely by soaring energy costs.
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