EU Commission President von der Leyen says the EU's bill for fossil fuels has increased by EUR 22bln since the start of the Iran war, a robust coordination between member states for energy prices is needed

The statement from EU Commission President von der Leyen highlights the significant financial impact of the Iran war on EU fossil fuel expenditures, which have surged by EUR 22 billion.

Newsquawk StaffPublished 13 Apr 2026, 11:01 UTCOn the live feed at 10:41 UTC — 6 more headlines followed before this page went public

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EU Commission President von der Leyen says the EU's bill for fossil fuels has increased by EUR 22bln since the start of the Iran war, a robust coordination between member states for energy prices is needed

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Looking for coordination of member states gas storage activities.
Emergency measures would not impact the single market.
Measures to ease energy prices should be targeted to vulnerable groups and be timely and temporary.
Aiming to have a temporary framework for state aid this month.
Commission is to publish proposals for energy price measures on April 22nd.
To present proposal to lover energy taxes in May.

Context

This push for coordinated energy measures signals both urgency and potential market interventions, affecting energy prices and possibly creating volatility in commodities like WTI as member states seek to support vulnerable groups without disrupting the single market.

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