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Wed · 26 Aug 2026

Iran War Energy Bill Hits Italy at Nearly €12 Billion

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Iran War Energy Bill Hits Italy at Nearly €12 Billion

🛢️ ROME — Italy is paying a €12B war premium it has no vote in ending. 📌 LOOK CLOSER: With Hormuz functionally closed and Brent anchored above $92, Italian industrial and household energy costs absorb the shock directly. Rome imports roughly 75% of its energy needs — no domestic buffer. Meloni has no bilateral lever on Tehran or Washington. The bill grows every week the strait stays shut.

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