LBCI

EU could lose 1.3 million jobs due to energy price surge linked to Iran war: Commission

World News

03-06-2026 | 08:09

Share

Share

EU could lose 1.3 million jobs due to energy price surge linked to Iran war: Commission

European automotive, construction, metals, chemicals and transport sectors could lose up to 1.3 million jobs this year as a result of a surge in energy prices caused by the U.S.-Iran conflict, Labor Commissioner Roxana Minzatu said on Wednesday.

"Due to the war ⁠in the Middle East, up to 1.3 million jobs are at risk and we are talking about jobs in energy-intensive industry, particularly," Minzatu told a news conference.

The EU automotive sector could face the biggest layoffs of up to 600,000, the European ⁠Commission estimated.

Construction, metals, chemicals, transport could lose 56,000 jobs. Some 85,000 jobs in battery projects could be at risk and 58,852 jobs ⁠in solar manufacturing. Another 4,500 jobs could go in the steel sector because of low-carbon measures.

Low-income ⁠households could spend an additional 1.4% of income on transport fuel. The EU ⁠manufacturing sector employs around 30 million people, while services provide almost 87 million jobs.

Reuters

World News

EU

Million

Jobs

Energy

Price

Iran

War

Commission

Next

Trump confirms he called Netanyahu crazy in phone call

Trump says 'would like to meet' Iran leader Khamenei

Previous

Recommended For You

Western civilisation is 'at an inflection point': Rubio

12:21

Western civilisation is 'at an inflection point': Rubio

France summons Iran ambassador over 'disinformation campaign' on school protests: Ministry

12:04

France summons Iran ambassador over 'disinformation campaign' on school protests: Ministry

Rubio says US, Greece to jointly combat security threats

11:55

Rubio says US, Greece to jointly combat security threats

WHO says cannot conduct full risk assessment on Russia plague reports

11:45

WHO says cannot conduct full risk assessment on Russia plague reports

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Child malnutrition rises in Yemen as fighting intensifies: UNICEF

Middle East News

2026-09-25

Child malnutrition rises in Yemen as fighting intensifies: UNICEF

Houthis target Aramco sites in Saudi capital, Khurais area: Statement

Middle East News

2026-10-04

Houthis target Aramco sites in Saudi capital, Khurais area: Statement

Emergency sirens sound in Bahrain, home of US fleet, after strikes on Iran: Interior ministry

Middle East News

2026-02-28

Emergency sirens sound in Bahrain, home of US fleet, after strikes on Iran: Interior ministry

Lebanon declares Aug. 4 national mourning day marking Beirut Port blast anniversary

2026-07-27

Lebanon declares Aug. 4 national mourning day marking Beirut Port blast anniversary

Videos

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

Aoun arrives at Élysée Palace for meeting with Macron—Video

2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Most read

24 hours

7 days

Month

Lebanese army clashes with smugglers along Syria border — LBCI source

1

Lebanese army clashes with smugglers along Syria border — LBCI source

Hezbollah gets $200 million from Iran to help displaced: Reuters

2

Hezbollah gets $200 million from Iran to help displaced: Reuters

Houthis say targeted Riyadh airport with ballistic missile

3

Houthis say targeted Riyadh airport with ballistic missile

President Aoun receives UAE invitation to attend Abu Dhabi Sustainability Week 2027

4

President Aoun receives UAE invitation to attend Abu Dhabi Sustainability Week 2027

IMF chief warns energy shock, growing debt and AI risks threaten global growth

5

IMF chief warns energy shock, growing debt and AI risks threaten global growth

US military on Okinawa face curfew, alcohol ban after murder case

6

US military on Okinawa face curfew, alcohol ban after murder case

US says seeks more information from Russia on plague reports

7

US says seeks more information from Russia on plague reports

Mourners observe moment of silence to mark October 7 attack on Israel

8

Mourners observe moment of silence to mark October 7 attack on Israel

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More