Europe is facing a terrible crisis due to the blockade of the Strait of Hormuz - ИА Ореанда-Новости

Europe is facing a crisis due to the blockade of the Strait of Hormuz, leading to a sharp increase in hydrocarbon prices. The European Central Bank warns that inflation in the EU could reach 2.6% by the end of 2026 due to rising oil and gas prices. The EU's financial reserves are limited, and further debt growth and inflation are anticipated.