Europe spent €18.9B on energy due to Iran conflict
European households spent an additional €18.9 billion on energy and fuel from March to June 2026 due to the Iran-related conflict, with France, Germany, and Italy accounting for the largest shares.
Consensus
- European households spent an additional €18.9 to €19 billion on energy and fuel from March to June of 2026.
- The increase in expenses was caused by the conflict around Iran.
- France, Germany, and Italy accounted for the largest portions of the additional spending.
- The calculations assume unchanged fuel consumption levels.
- If the conflict continues, European families may need an additional €88.8 billion by the end of 2026 to maintain their standard of living.
- The estimates are based on data from Eurostat and the European Commission.
Points of divergence
- The additional expenses amounted to approximately 1.67 trillion rubles, with France spending 380 billion rubles, Germany 318 billion rubles, and Italy 297 billion rubles. — vesti
- The calculation does not include business expenses or indirect price increases for goods and services. — tg_tass_agency
Coverage (2 sources)
- Iranian conflict cost Europe almost €20 billion in energy expenses — Вести
- Europe overpaid at least €19 billion for energy and fuel due to conflict around Iran, report says — ТАСС (Telegram)