- Trump's tariffs and global conflicts are impacting Germany's economy, prompting Merz's government to propose reforms.
- The war in Iran is causing economic growth issues in Germany, which is part of the larger European bloc. Trump's threats are complicating recovery.
Due to the ongoing war in Iran, oil and gas prices are soaring, leading to increased commercial curtailment in Germany.
1 report, 1 independent
Updated Jul 27
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What happened
Due to the ongoing war in Iran, oil and gas prices are soaring, leading to increased commercial curtailment in Germany.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Iran war has disrupted energy shipments and driven gas prices higher in Germany.Sub-event
Germany is experiencing increased commercial curtailment as the Iran war drives up oil and gas prices.1 source
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The entities involved
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Europe
terrestrial continent located in north-western Eurasia
Related events
- War with Iran caused surging jet fuel prices while demand for autumn travel is growing in Europe.
- Renewed US-Iran hostilities and the Ukraine invasion are driving high wholesale gas prices in Europe.
- European energy market risks are affecting the German economy due to turmoil caused by the war with Iran.
- Renewed US-Iran conflict is driving energy price surges, leading financial institutions to raise oil price forecasts based on geopolitical risk.
- Oil prices are dropping below European costs, while the market benefits from AI trade expansion, despite underlying risks from the Iran conflict.
Coverage
Newest first; wire copies grouped- euronews.comWhy Germany keeps switching off its solar and wind farms