Iran War Hikes EU’s Oil Import Bill By $11 Billion Per Month
The European Union has been paying $11 billion more to import oil since the Middle East crisis choked crude oil supplies and triggered a global fuel crisis, an analysis by Euronews Business showed on Thursday. The value of the EU’s petroleum imports jumped by 55.8% in the second quarter of 2026, des
<p>The European Union has been paying $11 billion more to import oil since the Middle East crisis choked crude oil supplies and triggered a global fuel crisis, an analysis by Euronews Business showed on Thursday. The value of the EU’s petroleum imports jumped by 55.8% in the second quarter of 2026, des</p>