Italy Secretly Approves €3B Air Defence Aid for Ukraine, Media Say

Due to the blockade of the Hormuz Strait between March and August 2026, global fossil fuel importers paid $330 billion more than pre-war forecasts. These figures were released by the Centre for Research on Energy and Clean Air (CREA).

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Italy Secretly Approves €3B Air Defence Aid for Ukraine, Media Say

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Hormuz Strait

Hormuz Strait blockade costs energy importers $330 billion in six months