April 03, 2026

The Hormuz Hype: How Europe Got Played at the Oil Casino



Europe’s oil shock was sold as a tragic consequence of the war on Iran and chaos in the Strait of Hormuz. The story was simple. Blame Tehran, blame geography, tell Europeans there was no choice but to pay. Yet official documents quietly admit that the EU’s direct dependence on Hormuz is limited and that the real impact came through prices, not empty fuel tanks.

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