Iran war could cost Italy around $13.9B in energy bill: Report

The Italian Confederation of Craft Trades and Small- and Medium-Sized Enterprises (CNA) on Monday estimated that the Iran war could cost Italy nearly €12 billion ($13.9 billion), according to ANSA news agency.

CNA reportedly estimated the additional expenditure on fuel, electricity and gas between March 1 and Aug. 31 at around €11.6 billion ($13.5 billion), compared with levels before the start of the Iran war on Feb. 28.

The additional costs reportedly weigh on households and businesses, with more than half attributable to mobility.

CNA estimated the additional cost of gasoline and diesel at around €5.8 billion over the six-month period.

July data showed strong demand for gasoline, which reached 900,000 metric tons, the highest level in 16 years and 3.1% higher than in the same month of 2025.

Although diesel consumption declined in the meantime, easing the overall bill, the reduction was not enough to offset the increase in prices.

The electricity bill also reportedly weighed heavily, with additional expenditure over the six-month period estimated at around €3.7 billion to €3.8 billion.

The data also showed that the price shock was not accompanied by a decline in demand, as Italy’s electricity demand in July reached a record high for the month.