JAKARTA - The world is facing the most serious energy crisis in global history due to the conflict in the Middle East.
"The world is facing what could be called the worst energy crisis ever - one that tests the resilience of our economies, societies, and partnerships," European Commissioner for Energy and Housing Dan Jorgensen said at a press conference in Brussels, Belgium. reported by ANTARA from Sputnik, Wednesday, May 6.
The former Danish agriculture minister said EU countries have spent 30 billion euros ($33.5 billion) on oil imports since the conflict in the Middle East began, without obtaining additional supplies.
On April 13, the US Navy began blocking maritime traffic entering and leaving Iranian ports on both sides of the Strait of Hormuz.
The strait accounts for about 20 percent of the world's oil, petroleum products, and liquefied natural gas (LNG) supplies.
The US said non-Iranian vessels could still pass through the Strait of Hormuz as long as they did not pay a levy to Tehran.
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