European Commission President Ursula von der Leyen has stated that the ongoing conflict involving Iran has led to an additional €90 billion in fossil fuel import costs for the European Union.

Axar.az reports, citing Crypto Briefing, that this figure suggests a significant rise in the EU’s energy expenditure, reflecting heightened geopolitical tensions and disruptions in energy supply chains. The European Commission previously announced the EU’s fossil fuel import bill was €340 billion in 2025, with more than half of its energy still sourced from fossil fuels.

The reported increase aligns with a recent surge in European gas prices, reaching levels not seen since early 2023.