March 2, 2026 - “Developments in the Middle East are increasingly concerning the German economy. The exact economic impacts are not yet foreseeable. However, negative effects are emerging, particularly through rising oil prices as well as potential new supply chain issues.

Around 1,800 German companies are active in the states of the Gulf Cooperation Council (GCC) — including the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Bahrain, and Qatar. For many, especially smaller and medium-sized enterprises, the region is an important market and investment location. Economic ties are correspondingly strong.

Adding to this is the energy policy dimension: About one-fifth of worldwide energy imports pass through the Strait of Hormuz daily. Germany relies on oil and LNG supplies. Even the prospect of restrictions would significantly drive world market prices. Energy markets are already reacting sensitively.

At the same time, the Gulf region is a critical node in global container traffic and aviation. Further disruptions — for instance, in the Red Sea — would considerably impact international logistics chains and, consequently, also the German economy.”