EU Faces €27bn Energy Bill Amid US-Israeli Conflict with Iran, von der Leyen Warns
The European Union is confronting an additional €27 billion energy bill after two months of conflict stemming from the US-Israeli war against Iran, EU Commission President Ursula von der Leyen announced on 29 April.Speaking to the European Parliament in Strasbourg, von der Leyen highlighted the disruption to oil and gas supplies as the primary cause of the increased costs.She urged member states to diversify their energy sources to mitigate risks associated with prolonged conflict and potential blockades of the Strait of Hormuz.Von der Leyen emphasized that this marks the second energy crisis within four years, underscoring the EU's vulnerability due... [Continue Reading]
360LiveNews | 29 Apr 2026 14:33 LONDON
