Iran War Drives Up Fuel Prices in Germany Amid Global Oil Supply Concerns

Fuel prices in Germany have surged significantly since the outbreak of the Iran War in late February 2026, with the average price for Super gasoline now at 2.12 euros per liter and diesel at 2.21 euros per liter. Prior to the conflict, prices were notably lower at 1.83 euros for Super and 1.75 euros for diesel. This rise is directly linked to increased crude oil prices caused by disruptions in shipping through the Strait of Hormuz, a strategic chokepoint through which approximately 20 to 30% of the world's oil passes. The strait's compromised functionality due to the conflict has tightened supplies and driven prices upward on the global market.

Despite these price hikes, the German Fuels and Energy Association has assured consumers there are no immediate supply shortages for gasoline, diesel, heating oil, or aviation fuel. Germany's diverse crude oil imports, spanning nearly 30 countries including Norway, the USA, Libya, Kazakhstan, and the UK, provide a buffer against potential supply shocks.

Germany's main oil suppliers remain Norway, the United States, and Libya. Norway offers stable supplies but lacks the capacity to rapidly boost production. The U.S. leads globally with record oil production of 13.4 million barrels per day in 2025, though any further production increases would require time. Libya has high production potential but political instability presents risks. Germany’s overall crude oil demand has decreased recently, thanks in part to energy efficiency measures and increased use of renewables, lessening its dependence on Middle Eastern oil.

The Federal Cartel Office continues to closely monitor fuel price developments and has warned mineral oil companies against engaging in anti-competitive practices. However, it acknowledges its limited ability to intervene in market fluctuations caused by geopolitical tensions.

Consumers have experienced anxiety due to frequent fuel prices surpassing two euros per liter, along with rising natural gas costs impacting broader energy expenses and tourism. Though Germany is less dependent on oil from the Middle East than many European countries, disruptions at the Strait of Hormuz affect global oil prices, indirectly impacting Germany’s energy market.