Von der Leyen calculated how much Europe lost due to the closure of the Strait of Hormuz

She spoke on November 3 at an event in Brussels. According to the head of the European Commission, supply disruptions through the Strait of Hormuz have led to a sharp increase in the costs of importing oil and gas, reports rapporteur.com. "Since the closure of the Strait of Hormuz, the import of fossil fuels has cost Europe an additional 127 billion euros, without bringing in a single additional molecule of energy. 127 billion euros just due to the closure of this Strait of Hormuz. Therefore, by importing oil and gas, we also risk importing the associated shocks and crises," she emphasized. Von der Leyen linked the incident to a broader issue of Europe's energy security. Dependence on oil and gas imports makes European countries vulnerable to external crises and sharp price spikes.