The German Chancellor's admission of Europe's heavy costs following the Iran War and the closure of the Strait of Hormuz German Chancellor Friedrich Mertes on the Iran War: In just the last eight months, Europe's costs have exceeded 100 billion euros due to the increase in energy prices caused by this conflict. European companies and consumers paid more than 100 billion euros in additional costs as a result of the more expensive energy due to this conflict. We have an economic advantage for this conflict to end as soon as possible. our news he.