von der Leyen: The escalation of the Middle East situation has cost Europe dearly for its energy dependence

MetaMuskRat · 2026-03-11T09:50:18+00:00

European Commission President von der Leyen spoke at the European Parliament, pointing out that the Middle East situation has caused turbulence in the global energy markets, and Europe needs to reduce its dependence on fossil fuels. Since the conflict erupted, natural gas and oil prices have risen significantly, leading to huge expenditures. She emphasized the promotion of renewable energy and nuclear power development.

MetaMuskRat

2026-03-11 09:50:18

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European Commission President von der Leyen said during a plenary session of the European Parliament on March 11 that the Middle East situation has impacted the global energy market. Turmoil in the Gulf region has rapidly driven up prices. As long as Europe continues to import large amounts of fossil fuels from unstable regions, it cannot escape vulnerability and dependence. She pointed out that since the conflict began, natural gas prices have increased by 50% and oil prices by 27%. In just 10 days, European taxpayers have spent an additional approximately 3 billion euros on fossil fuel imports, highlighting the cost of energy dependence. von der Leyen stated that the EU will adhere to a long-term strategy of developing renewable energy and nuclear power, and is working on plans to reduce energy prices. (CCTV News)

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