# The Strait of Hormuz closure has cost Europe an extra $142 billion for the same energy it was already buying

- Source: Fortune | FORTUNE
- Published: 2026-11-03T19:55:45+00:00
- Category: Business
- Original: https://fortune.com/2026/11/03/europe-strait-hormuz-closure-costs-energy-142-billion/
- Canonical: https://groundlevelnews.com/story/the-strait-of-hormuz-closure-has-cost-europe-an-extra-142-billion-for--4fbefa/

Ursula von der Leyen told a Brussels startup summit importing oil and gas means importing “the shocks and crises that come with them."

_Ground Level News shows a short summary only; the full article and all rights belong to Fortune | FORTUNE._