The closure of the Strait of Hormuz due to US and Israeli strikes on Iran has increased oil and gas prices, highlighting Europe's energy vulnerabilities. European Commission President Ursula von der Leyen warned about the bloc's dependence on fossil fuels, prompting energy ministers to seek solutions. Following Russia's invasion of Ukraine, Europe has shifted to sourcing 60% of its LNG from the US. To tackle these issues, the EU has introduced the Grids Package, investing €1.2 trillion in energy infrastructure by 2040, aiming to enhance renewable capacity and reduce reliance on imports.