Iran conflict adds €90B to EU fossil fuel import costs, says von der Leyen

European Commission president von der Leyen reported that the Iran conflict has increased EU fossil fuel import costs by €90B. This surge emphasizes energy security vulnerabilities amid geopolitical tensions, prompting a necessary transition toward renewables. Additionally, von der Leyen has expressed support for Canada's bid for associate membership within the bloc. This endorsement follows a proposal by Mark Carney aimed at establishing deeper strategic ties and cooperation between Canada and the European Union.