On Russian oil, the US has already blinked — Europe must not do the same

Vladimir Putin is feeling generous. With tankers stalled in the Strait of Hormuz and European energy prices spiking, the Russian president has offered to resume long-term gas supplies to the continent his missiles are helping to destabilize. Before anyone in Brussels or Berlin reaches for the phone, they might pause to recall what energy dependence on Russia actually costs. While Ukrainian cities are shelled and soldiers die, Western governments are looking nervously at the price of oil, wonder