Von der Leyen: 10 Days of Conflict Cost the EU €3 Billion in Oil and Gas

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Ursula von der Leyen, President of the European Commission, has stated that rising tensions in the Middle East have directly impacted fuel prices.

According to von der Leyen:

  • Gas prices have increased by 50%
  • Oil prices have risen by 27% since the beginning of the conflict

She noted that in just ten days, these price increases have cost the European Union approximately €3 billion extra for fossil fuel imports.

Von der Leyen emphasized that this situation highlights Europe’s continued dependence on imported fuels and the vulnerability of its energy supply to geopolitical crises.