Europe's booming solar fleet has saved €20 billion in gas imports since Iran war, finds new analysis
- Solar power is sheltering Europe from the crippling costs of fossil fuel imports, as the war on Iran continues to keep oil and gas prices sky-high.
- Brent crude, which is used as the worldwide benchmark for oil prices, remains particularly volatile due to Iran's stranglehold on the Strait of Hormuz, a vital passage which usually carries around one-fifth of global oil supplies.
- Yesterday (Wednesday 15 July) Brent crude was trading at $85 (approximately €74) per barrel – a €10.47 increase compared to the day before the war began (27 February).
Unverified
- Solar power is sheltering Europe from the crippling costs of fossil fuel imports, as the war on Iran continues to keep oil and gas prices sky-high.
- Brent crude, which is used as the worldwide benchmark for oil prices, remains particularly volatile due to Iran's stranglehold on the Strait of Hormuz, a vital passage which usually carries around one-fifth of global oil supplies.
- Yesterday (Wednesday 15 July) Brent crude was trading at $85 (approximately €74) per barrel – a €10.47 increase compared to the day before the war began (27 February).
Sources: Euronews