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2026 Iran-Gulf Crisis Tracker
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strikeMay 5, 2026

EU says Iran war has already cost bloc more than $35 billion

Summary

EU Energy Commissioner Dan Jorgensen warned on Tuesday of the rising energy costs for the bloc triggered by the war in Iran and the subsequent blockade of the Strait of Hormuz.

Source: Daily Sabah — Read the full report

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Sources

  • Daily SabahBy Daily Sabah

    EU Energy Commissioner Dan Jorgensen warned on Tuesday of the rising energy costs for the bloc triggered by the war in Iran and the subsequent blockade of the Strait of Hormuz. "Since the outbreak of the conflict in the Middle East, the European Union member states have already s…

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