European countries are paying far more for petroleum oil imports this year, following tensions in the Middle East in February 2026. Consumers are already facing higher petrol and diesel prices. Now, the EU’s import bill shows just how sharply costs have risen. In the second quarter of 2026, the EU »»»

Euronews Business takes a closer look at how Europe’s petroleum oil import bill has risen amid tensions in the Middle East - and experts do not expect costs to fall in the near future. European countries are paying far more for petroleum oil imports this year, following tensions in the Middle East »»»