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Euronews

Marta Pacheco

What are Europe's oil route alternatives to the Strait of Hormuz?

European Union Oil Europe Strait of Hormuz Strait Iran Spain Belgium Greece Italy

As military escalation surges in the Middle East, Iran's announcement of the closure of the Strait of Hormuz has sent crude oil and natural gas prices soaring.

Faced with rising energy costs at home, European leaders are scrambling to avoid a cascading energy crisis, and are especially concerned about mitigating the price shock already being felt in markets.

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