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The Economic Times

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Germany could face $46 bln hit from Iran war as oil prices surge, IW says

Germany's economy could face a significant blow of 40 billion euros over the next two years. Projections indicate that rising oil prices, stemming from the Iran conflict, threaten economic recovery. Higher oil costs could reduce Germany's GDP by 0.3% in 2026 and 0.6% in 2027. If oil prices surge further, the economic impact could exceed 80 billion euros.

5 Mar 2026 2:44 pm