Europe Spends $113.5 Billion More on Energy as Hormuz Closure Bites
6 Articles
6 Articles
Reliance on imported energy leaves bloc vulnerable to global price increases, Jorgensen warns
Due to the Iran war, the EU has an additional cost of more than 100 billion euros for energy, warns Commissioner Dan Jørgensen.
Rising energy prices due to the war in Iran have already cost European Union (EU) consumers more than 100 billion euros, European Commission (EC) Commissioner for Energy Dan Jorgensen said on Tuesday.
The rise in energy prices due to the Iran war has so far cost consumers in the European Union over EUR 100 billion, EU Energy Commissioner Dan Jorgensen quoted on Tuesday. "This, of course, shows us how bad it is for us to be addicted, how unsustainable it is to depend on [...] Article EU Energy Commissioner: Iran War cost European consumers over EUR 100 billion appears first in the PS News.
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