Europe Trading One Energy Dependency for Another (hcss.nl)

• Oil prices surge amid Strait of Hormuz tensions.
• Europe deepens energy ties with China to reduce reliance on Middle East.
• HCSS analyst cautions that a larger shock is imminent and Europe may create new vulnerabilities.

"In the Studio Schumpeter podcast, HCSS analyst Ron Stoop discusses rising oil prices, tensions in the Strait of Hormuz, and Europe's increasing pivot towards China. He warns that the real shock has yet to come and that Europe risks replacing one dependency with another."