{"id":2112752,"date":"2026-08-26T11:49:07","date_gmt":"2026-08-26T08:49:07","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2112752"},"modified":"2026-08-26T11:49:07","modified_gmt":"2026-08-26T08:49:07","slug":"eu-countries-face-nearly-e41bn-in-extra-fossil-fuel-costs-as-hormuz-crisis-exposes-energy-vulnerability","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2112752","title":{"rendered":"EU countries face nearly \u20ac41bn in extra fossil fuel costs as Hormuz crisis exposes energy vulnerability"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/88\/82\/96\/1200x675_cmsv2_1a700d38-4776-5452-80d3-6cd0b0ea32c4-9888296.jpg&#8221;]<\/p>\n<article id=\"abe-2920771-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920771\" data-cid=\"9890087\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920771-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/87\/189x106_cmsv2_fcb384ee-b950-5a4d-a260-2194da1e15c3-9890087.jpg\" loading=\"lazy\" alt=\"Norway&apos;s Prime Minister Jonas Gahr St\u00f8re, right, and European Council President Antonio Costa attend a news conference in Oslo, Norway, Thursday, Feb. 19, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    If Iceland joins the EU, where does that leave Norway?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920252-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920252\" data-cid=\"9887182\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920252-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/71\/82\/189x106_cmsv2_371059a1-9410-5193-8776-1ae7ca74b04a-9887182.jpg\" loading=\"lazy\" alt=\"A Meta data center in Dublin, Ireland.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Ireland keeps nuclear door open as data centre energy demand surges\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920764-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920764\" data-cid=\"9890058\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920764-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/58\/189x106_cmsv2_c5a0ec79-e39b-51f3-834c-2bac403038d2-9890058.jpg\" loading=\"lazy\" alt=\"Prince Harry, and Meghan, the Duke and Duchess of Sussex, arrive for an event, during a visit to Bondi Beach, Australia, April 17, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Prince Harry, Meghan, and their children arrive back in the UK\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920767-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2920767\" data-cid=\"9890061\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920767-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/61\/189x106_cmsv2_160079a4-6208-5f15-8386-efeca196301f-9890061.jpg\" loading=\"lazy\" alt=\"FILE - Adam Mosseri, CEO of Instagram, arrives in court to testify in a landmark social media case that seeks to hold tech companies responsible for harms to children.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Tech News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Meta agrees to pay $17bn in landmark US child-safety settlement deal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920771-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920771\" data-cid=\"9890087\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920771-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/87\/189x106_cmsv2_fcb384ee-b950-5a4d-a260-2194da1e15c3-9890087.jpg\" loading=\"lazy\" alt=\"Norway&apos;s Prime Minister Jonas Gahr St\u00f8re, right, and European Council President Antonio Costa attend a news conference in Oslo, Norway, Thursday, Feb. 19, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    If Iceland joins the EU, where does that leave Norway?\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920252-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920252\" data-cid=\"9887182\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920252-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/71\/82\/189x106_cmsv2_371059a1-9410-5193-8776-1ae7ca74b04a-9887182.jpg\" loading=\"lazy\" alt=\"A Meta data center in Dublin, Ireland.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Ireland keeps nuclear door open as data centre energy demand surges\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920764-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920764\" data-cid=\"9890058\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920764-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/58\/189x106_cmsv2_c5a0ec79-e39b-51f3-834c-2bac403038d2-9890058.jpg\" loading=\"lazy\" alt=\"Prince Harry, and Meghan, the Duke and Duchess of Sussex, arrive for an event, during a visit to Bondi Beach, Australia, April 17, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Prince Harry, Meghan, and their children arrive back in the UK\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2920767-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2920767\" data-cid=\"9890061\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920767-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/61\/189x106_cmsv2_160079a4-6208-5f15-8386-efeca196301f-9890061.jpg\" loading=\"lazy\" alt=\"FILE - Adam Mosseri, CEO of Instagram, arrives in court to testify in a landmark social media case that seeks to hold tech companies responsible for harms to children.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Tech News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Meta agrees to pay $17bn in landmark US child-safety settlement deal\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Europe<\/p>\n<p>                          Europe News<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            EU countries face nearly \u20ac41bn in extra fossil fuel costs as Hormuz crisis exposes energy vulnerability<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/82\/96\/1536x864_cmsv2_1a700d38-4776-5452-80d3-6cd0b0ea32c4-9888296.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"An array of pumpjacks operate near the site of a new oil and gas well in Midland, Texas.\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              An array of pumpjacks operate near the site of a new oil and gas well in Midland, Texas.<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo \/  Eli Hartman<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo \/  Eli Hartman\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspMarta Pacheco\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1787744947\">\n         Published on<br \/>\n            <time datetime=\"2026-08-26 13:49:07 +02:00\">26\/08\/2026 &#8211; 13:49 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span 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class=\"c-article-summary\">\n        European countries have spent unforeseen billions of euros on fossil fuel imports due to the drastic surge in prices that followed the war against Iran. Meanwhile, European and international groups are urging Ursula von der Leyen to set out a plan to phase out fossil fuels.<br \/>\n    <\/h2>\n<div class=\"c-article-content js-article-content\">\n<p>The Netherlands, Italy, France and Spain are among the top ten countries worst hit by additional fossil-fuel import costs caused by disruption in the Middle East, according to a report from the Centre for Research on Energy and Clean Air (CREA). <\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>Across the 170 countries examined, 134 paid more for diesel than markets had anticipated before the war, CREA&#8217;s report reveals. The Netherlands recorded an estimated \u20ac11.5 billion in additional costs between March and August 2026, followed by Italy at \u20ac12.7bn, France at \u20ac10.8bn and Spain at \u20ac8.8bn.<\/p>\n<p>Together, the four EU economies absorbed almost \u20ac41bn in extra fossil-fuel costs without importing any new volumes of energy. <\/p>\n<p>The figures highlight European economies&#8217; exposure to global oil and gas prices, revealing a crisis that has added more than \u20ac282bn to fossil-fuel import bills worldwide, with oil alone accounting for \u20ac140bn of the increase. <\/p>\n<p>Liquefied natural gas (LNG) prices rose by 60% in the Atlantic and 75% in the Pacific, while diesel and petrol prices jumped 59% since the United States and Israel launched a war against Iran on 28 February. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Europe\u2019s gas prices are surging. Who will be the first to pay more?<\/li>\n<\/ul>\n<\/div>\n<p>To offset the Middle East loss, the US and Norway were the largest suppliers of both petroleum oils and LNG to the EU in the first quarter of the year, according to EU data.<\/p>\n<p>For Europe, the diesel shock is particularly important since the bloc relies heavily on the fuel for freight, farming and industry, meaning higher fuel costs can spread through supply chains and ultimately further raise the price of goods. <\/p>\n<h2>Green energy investment pays off<\/h2>\n<p>However, CREA&#8217;s authors suggest Europe&#8217;s clean-energy buildout is becoming an energy-security asset.<\/p>\n<p>The report notes that clean power capacity installed in the bloc since 2020 saved importing countries \u20ac36bn in fossil-fuel purchases during the first five months of the crisis. <\/p>\n<p>\u201cThe best way to protect against high oil prices is to get off the black stuff as quickly as possible,\u201d said Luke Wickenden, energy analyst at CREA. <\/p>\n<p>\u201cOil and gas prices have long proven to be an Achilles\u2019 heel for both household finances and the global economy as a whole. Meanwhile, countries that invested in clean energy after past energy crises have saved billions of dollars.\u201d<\/p>\n<p>The savings were particularly valuable because every unit of gas, oil or coal displaced by clean electricity was a unit that did not have to be bought at wartime prices. <\/p>\n<p>Renewables and electrification are no longer only about cutting emissions, the report argues, but a hedge against geopolitical energy shocks. Countries with a proportionally larger supply of clean power and lower fossil-fuel demand are less exposed when international fuel prices spike.<\/p>\n<p>&#8220;Renewables saved Spain billions, but oil-dependent transport, aviation and industry still left every person carrying an additional gross fossil fuel import cost of \u20ac181,&#8221; Isaac Levi, CREA&#8217;s Europe-Russia policy &amp; energy analysis team lead, told Euronews.<\/p>\n<p>&#8220;Spain\u2019s experience shows that clean electricity must now be matched by faster electrification across the wider economy.\u201d<\/p>\n<h2>Green groups urge EU to ditch fossil fuels<\/h2>\n<p>Meanwhile, a letter signed by more than 100 European and international organisations calls on European Commission President Ursula von der Leyen to provide a shared strategic vision for the remainder of her mandate and deliver a fossil fuel exit plan during her State of the Union address slated for 16 September.<\/p>\n<p>&#8220;We urge you to use your upcoming address to announce the launch of a comprehensive, science-based and independent report with one clear objective: to make this fossil fuel crisis Europe\u2019s last,&#8221; reads the letter.<\/p>\n<p>The signatories, led by the green NGO Climate Action Network Europe argue that Europe is paying twice for its fossil-fuel dependence: first through higher energy costs, and then through the escalating damage caused by climate change. <\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Exclusive: \u2018Big mistake to believe we&#8217;re off the hook in Europe and beyond,\u2019 IEA tells Euronews<\/li>\n<\/ul>\n<\/div>\n<p>&#8220;None of this is accidental. Fossil fuel dependence has repeatedly undermined Europe&#8217;s prosperity and constrained its ability to act in the world. As long as Europe relies on fossil fuels, its citizens remain exposed to price shocks and geopolitical decisions made elsewhere,&#8221; the letter read.<\/p>\n<p>The signatories want von der Leyen to commission an independent report, similar to the Draghi report, setting out how the EU can accelerate a complete fossil-fuel phase-out while protecting consumers, workers and industry.<\/p>\n<p>The proposal makes renewables, efficiency, grids and clean flexibility the main drivers of the strategy, while calling for EU and national spending to be redirected away from investments that prolong fossil-fuel dependence. <\/p>\n<p>It also adds a strong industrial policy dimension, demanding secure supply chains for the critical materials Europe&#8217;s clean-energy industries need.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Europe\u2019s gas prices are surging. Who will be the first to pay more?<\/p>\n<\/h3>\n<\/div>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Eni doubles down on Egyptian gas: $8.5bn in investments and 230 new wells<\/p>\n<\/h3>\n<\/div>\n<div class=\"c-article-you-might-also-like__item\">\n<h3>\n<p>                  Germans could save over \u20ac12,000 by ditching gas boiler for solar, battery and heat pump \u2013 analysis<\/p>\n<\/h3>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Europe&#8217;s energy crisis<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Spain<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Netherlands<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  France<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Italy<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Energy<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920721-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920721\" data-cid=\"9889722\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920721-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/97\/22\/320x180_cmsv2_2d26d57e-e0cd-5a5b-966d-3760a4148b4d-9889722.jpg\" loading=\"lazy\" alt=\"FILE - CIA Director John Ratcliffe listens during a Cabinet meeting at the White House in Washington, March 26, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why did the CIA director fly to Moscow: Ukraine, NATO or Iran?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920483-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920483\" data-cid=\"9888429\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920483-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/84\/29\/320x180_cmsv2_5e425917-ead3-5200-a196-9cc70cb16c14-9888429.jpg\" loading=\"lazy\" alt=\"Migrants board an Italian Coast Guard vessel as part of a transfer operation from the asylum processing centres at the port of Shengjin, Albania.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Europe&#8217;s obsession with return hubs may not live up to the hype<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920661-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920661\" data-cid=\"9889300\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920661-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/93\/00\/320x180_cmsv2_4ab7069e-3355-5f9d-9901-008faad1bd69-9889300.jpg\" loading=\"lazy\" alt=\"Prime Minister Mark Carney speaks about Canada&apos;s response to new US tariffs during a news conference in Ottawa..\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Canada wants to get closer to the EU &#8211; but how far can it go?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2920295-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920295\" data-cid=\"9889255\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920295-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/73\/65\/320x180_cmsv2_ff827d0c-235e-55c5-9a75-a3a1b44f4247-9887365.jpg\" loading=\"lazy\" alt=\"A serviceman of the 413th separate Ukrainian unmanned systems regiment &quot;Raid&quot; prepares an FP-1 long-range UAV for a strike on Russia, Ukraine, 16 August 2026.\" height=\"9\" 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width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Meta agrees to pay $17bn in landmark US child-safety settlement deal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2920528-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920528\" data-cid=\"9888725\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    French man detained in Italy after three Akeron missiles found in van<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article id=\"abe-2920328-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920328\" data-cid=\"9887542\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Conservatives, liberals call to freeze EU cash for Romania over mayor<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">3<\/span><\/p>\n<article id=\"abe-2920388-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920388\" data-cid=\"9888919\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Row over weight of half a loaf leaves German baker with \u20ac15,000 bill<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">4<\/span><\/p>\n<article id=\"abe-2920346-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920346\" data-cid=\"9888068\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Drones and ships running blind as GPS malfunctions across Poland<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">5<\/span><\/p>\n<article id=\"abe-2920497-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920497\" data-cid=\"9888498\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    306 people infected with salmonella in Belgium in egg-linked outbreak<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-3\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2920721-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920721\" data-cid=\"9889722\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920721-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/97\/22\/320x180_cmsv2_2d26d57e-e0cd-5a5b-966d-3760a4148b4d-9889722.jpg\" loading=\"lazy\" alt=\"FILE - CIA Director John Ratcliffe listens during a Cabinet meeting at the White House in Washington, March 26, 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Why did the CIA director fly to Moscow: Ukraine, NATO or Iran?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920483-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920483\" data-cid=\"9888429\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920483-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/84\/29\/320x180_cmsv2_5e425917-ead3-5200-a196-9cc70cb16c14-9888429.jpg\" loading=\"lazy\" alt=\"Migrants board an Italian Coast Guard vessel as part of a transfer operation from the asylum processing centres at the port of Shengjin, Albania.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Europe&#8217;s obsession with return hubs may not live up to the hype<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920661-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920661\" data-cid=\"9889300\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920661-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/93\/00\/320x180_cmsv2_4ab7069e-3355-5f9d-9901-008faad1bd69-9889300.jpg\" loading=\"lazy\" alt=\"Prime Minister Mark Carney speaks about Canada&apos;s response to new US tariffs during a news conference in Ottawa..\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Canada wants to get closer to the EU &#8211; but how far can it go?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920295-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920295\" data-cid=\"9889255\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920295-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/88\/73\/65\/320x180_cmsv2_ff827d0c-235e-55c5-9a75-a3a1b44f4247-9887365.jpg\" loading=\"lazy\" alt=\"A serviceman of the 413th separate Ukrainian unmanned systems regiment &quot;Raid&quot; prepares an FP-1 long-range UAV for a strike on Russia, Ukraine, 16 August 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Putin signs decree allowing state seizure of drone-hit businesses<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920767-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2920767\" data-cid=\"9890061\" data-part-label=\"Partner content\">\n<figure id=\"abe-2920767-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/00\/61\/320x180_cmsv2_160079a4-6208-5f15-8386-efeca196301f-9890061.jpg\" loading=\"lazy\" alt=\"FILE - Adam Mosseri, CEO of Instagram, arrives in court to testify in a landmark social media case that seeks to hold tech companies responsible for harms to children.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Meta agrees to pay $17bn in landmark US child-safety settlement deal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920528-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920528\" data-cid=\"9888725\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    French man detained in Italy after three Akeron missiles found in van<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920328-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920328\" data-cid=\"9887542\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Conservatives, liberals call to freeze EU cash for Romania over mayor<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920388-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920388\" data-cid=\"9888919\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Row over weight of half a loaf leaves German baker with \u20ac15,000 bill<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920346-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920346\" data-cid=\"9888068\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Drones and ships running blind as GPS malfunctions across Poland<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2920497-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2920497\" data-cid=\"9888498\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    306 people infected with salmonella in Belgium in egg-linked outbreak<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The Netherlands, Italy, France and Spain are among the top ten countries worst hit by additional fossil-fuel import costs caused by disruption in the Middle East, according to a report from the Centre for Research on Energy and Clean Air (CREA).Across the 170 countries examined, 134 paid more for diesel than markets had anticipated before the war, CREA&#8217;s report reveals. The Netherlands recorded an estimated\u00a0\u20ac11.5 billion\u00a0in additional costs between March and August 2026, followed by\u00a0Italy at \u20ac12.7bn, France at \u20ac10.8bn and Spain at \u20ac8.8bn.Together, the four EU economies absorbed almost\u00a0\u20ac41bn\u00a0in extra fossil-fuel costs without importing any new volumes of energy.\u00a0The figures highlight European economies&#8217; exposure to global oil and gas prices, revealing a crisis that has added more than\u00a0\u20ac282bn to fossil-fuel import bills worldwide, with oil alone accounting for \u20ac140bn of the increase.Liquefied natural gas (LNG) prices rose by 60% in the Atlantic and 75% in the Pacific, while diesel and petrol prices jumped 59% since the United States and Israel launched a war against Iran on 28 February.To offset the Middle East loss, the US and Norway were the largest suppliers of both petroleum oils and LNG to the EU in the first quarter of the year, according to EU data.For Europe, the\u00a0diesel shock is particularly important since the bloc relies heavily on the fuel for freight, farming and industry, meaning higher fuel costs can spread through supply chains and ultimately further raise the price of goods.Green energy investment pays offHowever, CREA&#8217;s authors suggest Europe&#8217;s clean-energy buildout is becoming an energy-security asset.The report notes that clean power capacity installed in the bloc since 2020 saved importing countries\u00a0\u20ac36bn in fossil-fuel purchases during the first five months of the crisis.\u201cThe best way to protect against high oil prices is to get off the black stuff as quickly as possible,\u201d said Luke Wickenden, energy analyst at CREA.\u201cOil and gas prices have long proven to be an Achilles\u2019 heel for both household finances and the global economy as a whole. Meanwhile, countries that invested in clean energy after past energy crises have saved billions of dollars.\u201dThe savings were particularly valuable because every unit of gas, oil or coal displaced by clean electricity was a unit that did not have to be bought at wartime prices.\u00a0Renewables and electrification are no longer only about cutting emissions, the report argues, but a hedge against geopolitical energy shocks. Countries with a proportionally larger supply of clean power and lower fossil-fuel demand are less exposed when international fuel prices spike.&#8221;Renewables saved Spain billions, but oil-dependent transport, aviation and industry still left every person carrying an additional gross fossil fuel import cost of \u20ac181,&#8221; Isaac Levi, CREA&#8217;s\u00a0Europe-Russia policy &amp; energy analysis team lead, told Euronews.&#8221;Spain\u2019s experience shows that clean electricity must now be matched by faster electrification across the wider economy.\u201dGreen groups urge EU to ditch fossil fuelsMeanwhile, a letter signed by more than 100 European and international organisations calls on European Commission President Ursula von der Leyen to provide a shared strategic vision for the remainder of her mandate and deliver a fossil fuel exit plan during her State of the Union address slated for 16 September.&#8221;We urge you to use your upcoming address to announce the launch of a comprehensive, science-based and independent report with one clear objective: to make this fossil fuel crisis Europe\u2019s last,&#8221; reads the letter.The signatories, led by the green NGO Climate Action Network Europe argue that Europe is paying twice for its fossil-fuel dependence: first through higher energy costs, and then through the escalating damage caused by climate change.&#8221;None of this is accidental. Fossil fuel dependence has repeatedly undermined Europe&#8217;s prosperity and constrained its ability to act in the world. As long as Europe relies on fossil fuels, its citizens remain exposed to price shocks and geopolitical decisions made elsewhere,&#8221; the letter read.The signatories want von der Leyen to commission an independent report, similar to the Draghi report, setting out how the EU can accelerate a complete fossil-fuel phase-out while protecting consumers, workers and industry.The proposal makes\u00a0renewables, efficiency, grids and clean flexibility\u00a0the main drivers of the strategy, while calling for EU and national spending to be redirected away from investments that prolong fossil-fuel dependence.It also adds a strong industrial policy dimension, demanding secure supply chains for the critical materials Europe&#8217;s clean-energy industries need.\u00a0<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/my-europe\/2026\/08\/26\/eu-countries-face-nearly-41bn-in-extra-fossil-fuel-costs-as-hormuz-crisis-exposes-energy-v&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/88\/82\/96\/1200x675_cmsv2_1a700d38-4776-5452-80d3-6cd0b0ea32c4-9888296.jpg&#8221;] Europe News If Iceland joins the EU, where does that leave Norway? Europe News Ireland keeps nuclear door open as data centre energy demand surges Europe News Prince Harry, Meghan, and their children arrive back in the UK Tech News Meta agrees to pay $17bn in landmark US child-safety settlement deal Europe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2112752","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2112752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2112752"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2112752\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2112752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2112752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2112752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}