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Europe Faces Energy Shock as Iran Crisis Deepens

Europe Faces Energy Shock as Iran Crisis Deepens

Brussels/London, April 7, 2026 β€” As US President Donald Trump issues a fresh ultimatum to Iran with a Tuesday 8 PM ET deadline to reopen the Strait of Hormuz, Europe is already feeling the severe economic fallout from the ongoing conflict. The effective closure of this critical waterway β€” which handles around 20% of global oil and […]