Iran conflict pushes Europe's energy costs up €500M daily, squeezing industries and consumers amid soaring oil and gas prices.
Key takeaways
- Iran Conflict Drives Europe’s Energy Costs Up by €500 Million Each Day
- Europe is bleeding €500 million daily on energy alone as the Iran conflict ignites fresh volatility across global oil and gas markets. Attacks on energy infrastructure...
- The shock couldn’t come at a worse moment for the continent. Europe’s pivot away from Russian pipeline gas after 2022 left the region heavily reliant on LNG from the M...
- Brent crude’s surge has a direct knock-on for power generation and transport costs. Several European refiners, including Germany’s Uniper and Italy’s Eni, have already...
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