Oil price continues to rise: What the limbo in the Iran war means for motorists
With an "economic war" and new sanctions, US President Trump wants to bring Iran to its knees, but the outcome is uncertain. The conflict is likely to further strain the oil market - and German motorists.
US President Donald Trump has launched an economic "war" against Iran in an attempt to force the country to make concessions. The ongoing conflict between the US and Israel and Iran is affecting the global energy market. The price of oil has been rising, with Brent crude recently reaching $94 per barrel, up from around $20 less before the war.
Experts warn that diesel prices may surge in the winter due to a shortage of available refining capacity and the switch to winter diesel, potentially leading to record-high fuel prices in 2026.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
