00:00Europe just hit the brakes on a major move against Russia, at the worst possible time.
00:05The European Union planned to permanently ban Russian oil starting April 15th.
00:10But suddenly, the plan was delayed.
00:12And the reason is shaking global markets.
00:15A major war involving Iran has pushed oil prices above $100 per barrel,
00:20creating fears of a massive global energy crisis.
00:24Now Europe faces a tough choice.
00:26Cut Russian oil forever, or protect its economy from rising fuel prices.
00:31Here is the twist.
00:32Europe is already barely using Russian oil.
00:35Imports drop to just 1%.
00:37But countries like Hungary and Slovakia still depend on it.
00:41And they strongly oppose a permanent ban.
00:44Meanwhile, tensions in the Strait of Hormuz threaten global supply,
00:48making the situation even more dangerous.
00:51Europe says going back to Russian energy would be a huge mistake.
00:55But for now, the final break is on hold.
00:57I'm going back to Russian energy.
00:58I'm going back to Russian energy.
00:58I'm going back to Russian energy.
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