Europe paid an extra €100 billion for fossil fuels this year because of the conflict in the Middle East.

Omissions

• The €100 billion is a cumulative extra cost accrued since the start of the Iran war in early 2026 (roughly March–September), not a full-year 2026 figure; it reflects higher prices for the same volume of energy, not additional volumes.
• Different sources report the same cost in different currencies (€100 bn ≈ $113.5 bn), which can cause apparent discrepancies if not converted.
• The global (all fossil-fuel-importing countries) extra cost is far larger — CREA estimates about $330 bn — so the €100 bn is the EU-specific share.

Sources

• PrimaryEuropean Commission — Opening remarks by Commissioner Jørgensen (press conference)Since the start of the war, the EU has paid 100 billion euro extra for fossil fuel imports without a single extra molecule of energy received.
• SecondaryXinhua (english.news.cn)The European Union (EU) has paid an extra 100 billion euros (about 113.3 billion U.S. dollars) for the same volume of fossil fuel imports amid the U.S.-Iran conflict.
• SecondaryAP NewsEuropean Union nations have spent over an extra $113.5 billion on energy imports since the Iran war began.
• SecondaryFortuneEuropean Union nations have spent over an extra 100 billion euros ($113.5 billion) on energy imports since the outbreak of the Iran war.