
Hormuz Blockade Sparks Worst Energy Shock Since the 70s
The crisis in the Middle East is pushing up oil and gas prices and forcing the EU to face the consequences of its expensive and unstable energy system.

The crisis in the Middle East is pushing up oil and gas prices and forcing the EU to face the consequences of its expensive and unstable energy system.

Four years after the pipeline attack, families face record bills and industries struggle as Berlin’s green energy policies drive prices higher.

Proposed gas-fired backup plants face EU restrictions, limiting Germany’s ability to secure reliable electricity during periods of low renewable output.