US-Iran War Adds €100B to EU’s Fuel Bill

EU: The European Union is a political and economic union comprising 27 member states that coordinates policies on trade, energy, and foreign affairs. It functions as a single market and maintains collective bargaining power in international relations. The bloc is directly affected by the US-Iran conflict through rising energy import costs. • EU nations have incurred over €100 billion in additional energy-import costs since the Iran war began. • The Strait of Hormuz, a major global oil transit route, has been closed or disrupted, intensifying supply concerns. • EU average gasoline prices reached about €2.06 per liter, while diesel reached €2.16 by mid-September. • Compared with prewar levels, EU gasoline prices rose roughly 24% and diesel prices about 33%. • Brent crude remained above $100 per barrel amid continued supply risks, though prices briefly declined on reports of possible US-Iran diplomacy. • The headline concerns an aggregate EU fuel and energy-cost impact, not a direct fiscal payment by EU institutions.