Sanchez: The war against Iran cost Europe 100 billion euros Spanish Prime Minister Pedro Sanchez said in a speech today: In my opinion, this illegal war in the Middle East (West Asia) and the tensions in the Strait of Hormuz show the price that Europe and in fact the entire world, especially the "global south" have to pay. The Prime Minister of Spain added in this context: This year, due to the increase in fuel prices, this war has cost the Europeans 100 billion euros.