Germany's economy faces energy and raw materials risks from the Strait of Hormuz; Price spikes and shortages threaten German industry.
Germany’s economy faces energy and raw materials risks from the Strait of Hormuz; Price spikes and shortages threaten German industry. Energy and Raw Materials: Why the Hormuz Crisis Affects Germany Too Energy and Raw Materials: Why the Hormuz Crisis Affects Germany Too The consequences of the crisis in the Persian Gulf extend far beyond the region. Although Germany’s energy supply is secure in the short term, rising energy prices, risks to gas supply, and potential shortages of critical raw materials such as helium, aluminium, and plastics are putting increased pressure on the German economy and its supply chains. ...