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2026 Iran-Gulf Crisis Tracker
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economicApr 29, 2026

Iran war costs EU €500M a day, von der Leyen warns

Summary

Europe is losing nearly €500 million a day as the Middle East conflict drives up fossil fuel costs, European Commission President Ursula von der Leyen said Wednesday, as turmoil in the Persian Gulf continues to rattle global energy markets.

Source: Elena Giordano — Read the full report

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  • Elena GiordanoBy Elena Giordano

    Europe is losing nearly €500 million a day as the Middle East conflict drives up fossil fuel costs, European Commission President Ursula von der Leyen said Wednesday, as turmoil in the Persian Gulf continues to rattle global energy markets. “In just 60 days of conflict, our bill …

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