Brussels: EU Commission chief Ursula von der Leyen stated the bloc is working toward a lasting resolution to the Middle East conflict, emphasizing the need to restore maritime security in the Strait of Hormuz.
According to Anadolu Agency, von der Leyen highlighted a recent lull in fighting as an opportunity to advance diplomatic efforts, aiming to sustain a ceasefire involving Iran and Lebanon. She emphasized the shared goal of achieving a lasting end to the war, which includes ensuring free navigation in the Strait of Hormuz without tolls. Addressing the European Parliament, she also stressed the importance of addressing Iran's nuclear and ballistic missile program in any peace agreement.
Von der Leyen explained that EU leaders have engaged with regional partners, including Egypt, Lebanon, Syria, and Jordan, along with the Gulf Cooperation Council's secretary-general, to coordinate efforts toward de-escalation and stability. She warned, however, that the economic impact of the conflict could continue for an extended period, particularly affecting energy markets due to disruptions in key shipping routes.
Highlighting the financial impact, von der Leyen revealed that Europe's fossil fuel import bill surged by over £27 billion ($31.6 billion) during just 60 days of conflict, with no additional energy supply. This situation underscores the EU's vulnerability to imported fossil fuels, prompting a call to expedite the transition to domestically produced energy. She urged a reduction in dependency on imported fossil fuels and an increase in the supply of homegrown, affordable clean energy, citing renewables and nuclear power as essential components.
Von der Leyen also advocated for stronger coordination among EU member states regarding fuel reserves and gas storage, as well as targeted support for vulnerable households and industries. This approach aims to prevent the repetition of costly, untargeted measures experienced during the previous energy crisis. She noted the importance of electrification and energy efficiency in reducing demand and shielding Europe from future shocks, pointing out that countries with higher shares of low-carbon energy have been less affected by price volatility.
The commission president announced plans for the EU to present an electrification action plan by the summer. This will be part of broader efforts to modernize energy infrastructure and enhance economic security.