Opening Apple iPhone HEIC/HEIF files in Windows with Microsoft Photos
Problem
Windows Photos shows an error "The HEVC Video Extension is required to display this file" and shows a link to a Microsoft Store where you can purchase an extension for $1. Do NOT do that.
Microsoft Photos unable to open HEIF image
Instead install the following two free of charge extensions
HEVC Video Extensions from Device Manufacturer
HEIF Image Extensions
Should you be missing the Microsoft Photos you can install that as well
What the HEIC is HEIF?
HEIF was adopted by Apple in 2017 with the introduction of iOS 11 as a replacement format for multimedia files such as mages and video/sequences.
HEIF - High Efficiency Image File
HEIC - HEIF files containing HEVC-encoded images
HEVC - High Efficiency Video Coding
Read more at Wikipedia.