04.03.2026 - "The economic consequences of the Iran conflict are not yet entirely foreseeable for German companies, but the risks are noticeably rising. While oil prices have reacted relatively moderately on the stock exchanges so far, we already see significant spikes in gas prices."

"In the short term, this is unlikely to be directly felt by most businesses or private households because gas supplies are largely secured through long-term contracts. However, should the crisis persist, new contracts will become significantly more expensive, imposing heavy burdens on the economy."

"We are also gravely concerned about refilling the nearly depleted gas storage facilities. If this is achievable only at considerably higher costs, permanently high gas prices could threaten energy-intensive companies' competitiveness in the coming winter."

"As for oil, the development is much faster: Rising global market prices translate directly into increased costs for fuel. For smaller and medium-sized enterprises – in crafts, trade, or logistics – higher fuel prices are a direct and unavoidable strain. These additional costs can only be passed on to their customers to a very limited extent, increasing pressure on these businesses."