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An array of pumpjacks operate near the site of a new oil and gas well in Midland, Texas.

Video. EU countries face nearly €41bn in extra fossil fuel costs

Updated: 26/08/2026 - 17:07 GMT+2

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.

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