Since the beginning of the conflict in the Strait of Hormuz, imported fossil fuels have cost the EU an additional €90 billion.
EnvironmentEuropean Union
- Omissions
- The €90 billion figure appears in reporting of von der Leyen's own statement and in the CREA analysis she relied on; no independent primary source publishing the EU-27 total of €90 billion was located.
- Independent reporting (Euronews, Bdor) states that the extra fossil-fuel cost for four large EU economies alone was about €41 billion, and that the global increase was €282 billion — figures that are consistent with a larger EU-wide total but do not by themselves confirm €90 billion.
- The CREA-based sources published before the session (e.g. Euronews, 2026-08-26) predate the €90 billion figure cited on 16 September 2026, suggesting the number may have been updated.
- No primary official source (Eurostat, European Commission, IEA) directly publishing the €90 billion EU figure was found within the search budget.
- Sources
- SecondaryOmer Ta MediaUrsula von der Leyen stated on 16 September before the European Parliament that imports of fossil fuels had cost the Union an additional 90 billion euros since the beginning of the conflict, without any additional quantity of energy being imported.
- SecondaryEuronewsTaken together, these four EU economies absorbed nearly 41 billion euros in additional costs linked to fossil fuels, without importing new volumes of energy.
- SecondaryBdorOil: the Hormuz crisis has already cost 41 billion euros to four European countries; the Iran war and the closure of the Strait of Hormuz drove global fossil fuel bills up by 282 billion euros, and CREA details the bill paid by Europe.
- SecondaryToute l'EuropeSince the outbreak of the war in Iran, the twenty-seven member states have seen their fossil fuel import bill soar compared with pre-war forecasts.
- SecondaryLe Grand ContinentThe closure of the Strait of Hormuz paralysed the world's main trade route for the transport of fossil fuels.