Europe's Energy Bill Surges USD32B Since Start of Iran War

AI Briefing

• – Europe has absorbed a staggering $32 billion in additional oil and gas import costs since the outbreak of the US-Israeli war against Iran.
• – The surge is mainly due to higher costs of crude oil imports, which have increased by $22 billion.
• – The 27 billion euros in added costs translate to an increase of about 10% in Europe's energy costs since the war began.