European Union President Ursula Von Der Leyen has used the recent conflict between the US and Iran to confirm the EU's plans to "decarbonize" the continent. She stated that Europe was paying a high price for its reliance on fossil fuels, citing the situation in the Strait of Hormuz as an example. The Strait was closed to ships that paid Iran a "toll" for passage through the maritime chokepoint, with the blockade starting at 10:00 a.m. ET.