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Europe's Energy Crisis Deepens Amid Iran-Hormuz Tensions

3/25/2026

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Story summary
  • The ongoing energy crisis in Europe worsens due to the Iran-Hormuz tensions and instability in Qatari LNG exports.
  • European leaders misjudge diversification, as Europe now depends on the U.S., which supplies about half of its LNG.
  • Action is needed to reduce dependency and strengthen energy security, including reconsidering the Groningen gas field.