The War Bill: EU Incurs €25 Billion in Additional Energy Losses Within 54 Days

 European Commission President Ursula von der Leyen revealed today, Friday, April 24, 2026, that the European Union has incurred financial losses of €25 billion due to rising energy prices since the outbreak of conflict in the Middle East. Speaking at the Cyprus summit, she explained that this amount represents increased costs without an increase in consumption, noting that the bloc pays an additional €500 million daily. Von der Leyen emphasized that the blockade on the Strait of Hormuz is causing severe damage to the European economy, necessitating an acceleration of alternative energy adoption to reduce foreign dependency and combat inflationary pressures.