European Commission President Ursula von der Leyen stated that the conflict involving Iran has led to an additional cost of 90 billion euros for the European Union’s fossil fuel imports. The European Commission previously announced that the EU’s fossil fuel import bill reached 340 billion euros in 2025, with more than half of its energy still sourced from fossil fuels. This significant increase reflects rising geopolitical tensions and disruptions in energy supply chains. European gas prices have recently surged to levels comparable to those seen in early 2023.
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