... the strait closed. Amid the crisis, oil prices have risen to around $100 per barrel, and the cost of gas has increased by about 75%. European countries are trying to avoid direct involvement in the conflict. EU governments fear that a prolonged blockade of the strait will lead to rising energy prices for businesses and the population, exacerbate Europe's economic problems, and increase pressure on state budgets. Italy, France, and #Greece have sent military ships to the Red Sea as part of...
... the EU's maritime security mission "Atalanta". However, no European fleet is currently ready to escort commercial ships through the Strait of Hormuz due to the risk of further conflict escalation. Subscribe @TheIslanderNews Donate - Support Our Work
