Oil Crisis and Geopolitical Tensions Impact German Economy

ZEW reports German investor morale at -17.2 in April, lowest since December 2022.
Rising oil prices due to US-Israeli attacks on Iran starting Feb 28 and Hormuz closure affect German manufacturers.
Energy sectors' sentiment dropped 11 and 21 points.
German government halves 2026 growth forecast to 0.5%.
Economist Alexander Krueger warns of a severe oil crisis as a nightmare scenario.

Energy | Economy | Geopolitics

United States | Germany | Iran

Achim Wambach | Anne-Marie Grossmann | Alexander Krueger

3 days ago