Coin Bureau
Coin Bureau|Mar 16, 2026 12:33
🚨JUST IN: 🇪🇺EU WARNS GLOBAL ENERGY CRISIS IF HORMUZ CLOSES. • EU ministers are discussing a new European security strategy, with member states needing to fully back the plan. • VP Kallas warned global attention must NOT shift away from Ukraine despite escalating tensions in the Middle East. • She said U.S. easing oil sanctions on Russia is a “dangerous precedent”, helping Russia fund its war. • EU ministers will discuss how to keep the Strait of Hormuz open. • She revealed talks with António Guterres about a possible international initiative similar to the Black Sea grain deal to ensure safe passage. • She also warned fertilizer supply could be hit, risking food shortages next year if the disruption continues. • The EU may consider changing the mandate of its Aspides mission in the region to help secure shipping lanes. • Ministers will also examine how the Middle East crisis affects the EU’s southern neighborhood and partners.(Coin Bureau)
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