Why the Strait of Hormuz crisis is hitting Europe’s energy supply: Explainer

The US-Israel war on Iran is disrupting Europe's energy supply, with Iran's effective closure of the Strait of Hormuz halting shipments of oil and liquefied natural gas. Natural gas prices in Europe have jumped 60 percent since the conflict began, forcing governments to announce emergency measures including tax cuts, subsidies and price caps. The timing is critical as Europe needs to refill gas stores depleted after winter, whilst competing with Asian buyers for dwindling LNG supplies. Al Jazeera's Um-e-Kulsoom Shariff explains. Subscribe to our channel: bit.ly
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