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Oil & gas industry

Oil and gas power the global economy, but markets are strained as the US-Israeli war with Iran disrupts major vital energy routes.

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Teaser Berlin Briefing NEU

Teaser Berlin Briefing NEU

How the Iran war is forcing Germany to rethink energy

The energy shock from the Iran war is felt around the world, and in Germany, too. As rising prices hit consumers, the government is struggling to find a response. How should Europe's largest economy fuel itself in a world where fossils can become a political liability? Host Nina Haase goes looking for answers with Greens MP Robin Wagener, DGAP energy expert Loyle Campbell and DW’s Bernd Riegert.

Teaser Berlin Briefing NEU

Teaser Berlin Briefing NEU

How the Iran war is forcing Germany to rethink energy

The energy shock from the Iran war is felt around the world, and in Germany, too. As rising prices hit consumers, the government is struggling to find a response. How should Europe's largest economy fuel itself in a world where fossils can become a political liability? Host Nina Haase goes looking for answers with Greens MP Robin Wagener, DGAP energy expert Loyle Campbell and DW’s Bernd Riegert.

Argentinien Firmat 2024 | Sojaernte mit Mähdrescher

Argentinien Firmat 2024 | Sojaernte mit Mähdrescher

Fertilizers are more expensive due to the war in Iran

Grain-producing countries such as Argentina and Brazil are being hit hard because the prices of diesel and fertilizers are rising much faster than those of their products.

An industrial building in Germany with dark clouds in the background

An industrial building in Germany with dark clouds in the background

Shock over gas prices

Products such as aluminium and fertilizers can hardly be produced cost-effectively in Germany anymore.

President Donald Trump gestures, holding up his left fist, after speaking about the Iran war from the Cross Hall of the White House

President Donald Trump gestures, holding up his left fist, after speaking about the Iran war from the Cross Hall of the White House

Fact check: Donald Trump speaks on Iran, oil and economy

In a national address, Donald Trump spoke about the war in Iran and its global impact. But are his claims true?

A satellite image shows smoke rising from Russia's Baltic port of Ust-Luga after a Ukrainian strike

A satellite image shows smoke rising from Russia's Baltic port of Ust-Luga after a Ukrainian strike

The war gains Ukraine keeps under wraps

Ukraine has made recent battlefield gains amid a faltering Russian offensive but is keeping quiet about it.

The image shows a woman filling her car's gas tank while looking at the fuel pump.

The image shows a woman filling her car's gas tank while looking at the fuel pump.

How Germans feel about daily fuel price freeze

Germany has introduced a law to curb fuel price gouging as tensions in the Middle East drive crude oil prices up.

US President Donald Trump speaks against the backdrop of US and NATO flags (file photo)

US President Donald Trump speaks against the backdrop of US and NATO flags (file photo)

Trump 'disappointed' with NATO over refusal to join Iran war

Donald Trump is again threatening to pull the US out of NATO as European allies refuse to support his war against Iran.

A MarineTraffic map shows arrows representing ships in the Strait of Hormuz

A MarineTraffic map shows arrows representing ships in the Strait of Hormuz

Why reopening the Strait of Hormuz by force is so dangerous

DW speaks to security analyst Megan Sutcliffe about the risks and realities of reopening the Strait of Hormuz.

A tugboat guides the Russian oil tanker Anatoly Kolodkin as it arrives at the oil terminal in the port of Matanzas, northwestern Cuba, on March 31, 2026

A tugboat guides the Russian oil tanker Anatoly Kolodkin as it arrives at the oil terminal in the port of Matanzas, northwestern Cuba, on March 31, 2026

Russian oil tanker docks in Cuba, the 1st since US blockade

The tanker carrying some 730,000 barrels of crude oil is sanctioned by the US, the EU and the UK amid the war in Ukraine

View of the Cuban port of Matanzas, where the Russian oil tanker Anatoly Kolodkin is tugged into the port

View of the Cuban port of Matanzas, where the Russian oil tanker Anatoly Kolodkin is tugged into the port

What to make of US allowing Russian oil tanker to reach Cuba

DW speaks to security expert Cecile Shea about the Russian oil tanker that has just reached energy-starved Cuba.

A cargo ship is moved to a berth at the container terminal at the port in Qingdao, China, on March 23, 2026

A cargo ship is moved to a berth at the container terminal at the port in Qingdao, China, on March 23, 2026

After the Iran war, how fast could global trade recover?

The Iran war could end soon or drag on for months. Whenever it ends, will energy supply chains recover quickly?

A fuel tanker at the Havana harbor

A fuel tanker at the Havana harbor

US lets Russian oil tanker approach Cuba despite blockade

US President Donald Trump said he had "no problem" with nations supplying oil to Cuba, which is facing an energy crisis.

Panoramic view of a solar farm near wind turbines in Germany

Panoramic view of a solar farm near wind turbines in Germany

How Iran war energy crisis strengthens case for renewables

The Iran war has exposed the fragility of the global energy system. Could renewables shield people from the shock?

Rows of solar panels on water in Vietnam Da Mi

Rows of solar panels on water in Vietnam Da Mi

Solar is winning the energy race

The world's cheapest power source is scaling at warp speed, pushing coal, gas and nuclear aside.

US President Donald Trump (L) turns to speak to US Defense Secretary Pete Hegseth during a cabinet meeting at the White House on March 26, 2026

US President Donald Trump (L) turns to speak to US Defense Secretary Pete Hegseth during a cabinet meeting at the White House on March 26, 2026

Trump gives Iran more time to reopen Strait of Hormuz

President Trump has given Iran until April 6 to reopen the Strait of Hormuz as more US troops deploy to the Gulf.

General view of limousines and trucks on a motorway passing through a rural area

General view of limousines and trucks on a motorway passing through a rural area

Why Iran fuel crisis hits different in Europe than the US

DW compares price hikes in different countries and looks at Europe's reliance on roadways.

A woman and a boy filling gas cans with fuel at a gas station in Germany on November 7, 1973

A woman and a boy filling gas cans with fuel at a gas station in Germany on November 7, 1973

Iran: Is another 1970s‑style oil crisis looming?

Supply disruptions, high prices, nervous markets — the current war brings back memories of the oil crises of the 1970s.

DW News Africa Moderator Tomi Oladipo (Composite)

DW News Africa Moderator Tomi Oladipo (Composite)

DW News Africa with Tomi Oladipo, 26 March 2026

This week, we explore what's behind a rise in homophobic violence in Nigeria, as a survivor tells DW News Africa about an increase in beatings, blackmail and attacks. Plus: A report from the Kenyan region where millions are struggling to find enough food and water amid a life-threatening drought.

A Chinese oil tanker in the port of Zhoushan, March 2018

A Chinese oil tanker in the port of Zhoushan, March 2018

US war in Iran: China casts itself as savior of SE Asia

As the Iran war sends fuel prices surging across Southeast Asia, Beijing is offering to help with the energy crisis.

People gather around a water tanker truck to fill up buckets and other containers as severe fuel shortages have disrupted water pumping and distribution, in Havana, Cuba

People gather around a water tanker truck to fill up buckets and other containers as severe fuel shortages have disrupted water pumping and distribution, in Havana, Cuba

US sanctions, silent allies: Where have Cuba's friends gone?

A US oil embargo has plunged Cuba into crisis. Why are Cuba's traditional left‑wing allies staying silent?

Indians queue to obtain a cooking LPG gas cylinder in Noida, India

Indians queue to obtain a cooking LPG gas cylinder in Noida, India

How countries are tackling the global energy crisis

With energy prices sky high, countries are looking to reduce demand. But how do they do it?

An LPG gas tanker at anchor close to the Strait of Hormuz, in Shinas, Oman, on March 11, 2026

An LPG gas tanker at anchor close to the Strait of Hormuz, in Shinas, Oman, on March 11, 2026

Is Iran cashing in millions from Strait of Hormuz blockade?

An Iranian lawmaker claims Tehran is quietly charging up to $2 million for safe passage through the Strait of Hormuz.

Smoke billows after airstrikes on oil depots on March 8, 2026 in Tehran, Iran

Smoke billows after airstrikes on oil depots on March 8, 2026 in Tehran, Iran

How the Iran war threatens East Africa's economy

The escalation of the war in Iran has triggered a rapid spike in global oil prices and major disruptions.

Hungarian Prime Minister Orban shaking hands with Russian leader Putin at the Kremlin on July 5, 2024

Hungarian Prime Minister Orban shaking hands with Russian leader Putin at the Kremlin on July 5, 2024

Report: Hungary using more Russian oil, despite EU phase out

A new report, shared exclusively with DW, says Hungary has hugely increased its dependence on Russian oil since 2021.

Notes read "Out of Stock" at the New World Fuel station in Levin on March 19, 2026.

Notes read "Out of Stock" at the New World Fuel station in Levin on March 19, 2026.

Smuggling, hoarding, no cars: World reacts to war fuel shock

From Europe to Asia, consumers around the world are already feeling the impact of higher prices at the petrol pump.

Frankfurt's financial district, pictured with a flowering cherry blossom in the foreground on March 23, 2026.

Frankfurt's financial district, pictured with a flowering cherry blossom in the foreground on March 23, 2026.

Asian markets tumble, but Europe, US rally on Trump optimism

Germany's DAX dipped 2% in morning trading, but rallied in the afternoon amid new comments from Donald Trump.

People transit on a street without power during a nation wide blackout in Havana

People transit on a street without power during a nation wide blackout in Havana

Cuba hit by second island-wide blackout in a week

Cuba's power grid has collapsed again amid an energy crisis that has been worsened by a US oil blockade.

The South Pars gas field near the southern Iranian port of Asalouyeh. (2004)

The South Pars gas field near the southern Iranian port of Asalouyeh. (2004)

Iran war: Why is the South Pars gas field so important?

The attack on the South Pars gas field has major repercussions for natural gas far beyond Iran and the Middle East.

An employee in lab gear works with a wafer in a production line of Dutch semiconductor company Nexperia, in Hamburg

An employee in lab gear works with a wafer in a production line of Dutch semiconductor company Nexperia, in Hamburg

Iran war triggers helium shortage, hits semiconductor supply

Among the latest geopolitical uncertainties for chipmakers is a shortage of helium that could slow global production.

An empty lounge chair covered by an umbrella on an empty beach in Cuba

An empty lounge chair covered by an umbrella on an empty beach in Cuba

Cuba faces economic collapse as US oil blockade hits tourism

Cut off from Venezuelan oil, Cuba faces an acute energy crisis, leading to canceled flights and deepening economic woes.

Smoke rises above Fly Dubai planes at Dubai airport

Smoke rises above Fly Dubai planes at Dubai airport

No more big spenders: Iran war to dent Gulf state investment

Gulf states have spent, or promised to spend, trillions in global investment. Their focus may be forced closer to home.

Smoke rises from the direction of an energy installation in the Fujairah Emirate of the United Arab Emirates

Smoke rises from the direction of an energy installation in the Fujairah Emirate of the United Arab Emirates

How will the UAE respond to Iran's drone attack?

UAE's ambassador to Germany, Ahmed Alattar, tells DW the country will defend itself but warns of wider escalation.

This photo shows a general view of light coming out from homes using power generators during a blackout in Santiago de Cuba on February 5, 2026

This photo shows a general view of light coming out from homes using power generators during a blackout in Santiago de Cuba on February 5, 2026

Cuba hit by island-wide blackout amid Trump oil blockade

The Cuban government said it is probing a "complete disconnection" of the nation's electrical system.

People stand in a queue with their empty LPG cylinders outside a gas agency amid supply disruptions following the US-Israeli conflict with Iran, in Ahmedabad, India, March 12, 2026.

People stand in a queue with their empty LPG cylinders outside a gas agency amid supply disruptions following the US-Israeli conflict with Iran, in Ahmedabad, India, March 12, 2026.

India faces mounting LPG shortages as Iran war drags on

Far from the battlefield, gas shortages are causing long queues and mounting frustration at LPG depots across New Delhi.

Total's offshore oil and gas platform in the Niger Delta

Total's offshore oil and gas platform in the Niger Delta

Africa: What oil producers can do to counter price shocks

Could more oil production in Nigeria or Angola offset shortages from the war in the Middle East? DW asked experts.

2 vessels off the coast of Dubai with high-rises in the background

2 vessels off the coast of Dubai with high-rises in the background

US calls on allies to help secure Strait of Hormuz

For now at least, US allies are not heeding President Donald Trump's calls to guard the Strait of Hormuz.

A Dangote crude oil tank is seen inside the Dangote Industries oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria March 2, 2026

A Dangote crude oil tank is seen inside the Dangote Industries oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria March 2, 2026

Energy crisis grips Nigeria amid US-Israel war in Iran

Rising oil prices, spurred on by the war in Iran, have exacerbated Nigeria's energy crisis.

Dressed in camouflage jacket, German Chancellor Merz holds an outdoor press conference after a NATO military exercise in Norway

Dressed in camouflage jacket, German Chancellor Merz holds an outdoor press conference after a NATO military exercise in Norway

Germany's Merz criticizes US oil sanctions move

In an attempt to halt the rise in global energy prices, the US has eased sanctions on some Russian oil exports.

Satellite image of the Persian Gulf, the Strait of Hormuz and the Gulf of Oman

Satellite image of the Persian Gulf, the Strait of Hormuz and the Gulf of Oman

Iran war: If Hormuz stays closed, the world pays the price

The Iran war has blocked the Strait of Hormuz. Maritime security expert Noam Raydan tells DW about the global effects.

oil tanker pictured from Hopeman Harbour, at sea in the Moray Firth

oil tanker pictured from Hopeman Harbour, at sea in the Moray Firth

US eases oil sanctions at an ideal time for Russia

The US has further eased sanctions on oil from Russia in an attempt to bring energy prices down during the Iran war.

DW | The Dip | 2024 | Hosts Daniel Winter and Kassandra Sundt

DW | The Dip | 2024 | Hosts Daniel Winter and Kassandra Sundt

Oil prices whiplash as US-Iran war sparks historic reserve

Oil markets are whiplashing. Can a 400 million barrel release of oil from the IEA stave off higher prices?

Oil pipelines of the US Strategic Petroleum Reserve (SPR) in Bryan Mound near Freeport, Texas, on January 1, 2008

Oil pipelines of the US Strategic Petroleum Reserve (SPR) in Bryan Mound near Freeport, Texas, on January 1, 2008

Who holds the biggest strategic oil reserves?

Iran's blockade of the Strait of Hormuz has pushed dozens of countries to tap their emergency oil stockpiles.

A pyramid of banknotes is seen on a table. Leaning against the pile are nine bars of gold

A pyramid of banknotes is seen on a table. Leaning against the pile are nine bars of gold

Oil for cash? Ukraine-Hungary tension continues to escalate

Hungary has seized a Ukrainian cash transporter and is pressuring Kyiv to resume oil deliveries. What could happen next?

An employee holds fertilizer granules stored in a warehouse at the Yara chemical company's fertilizer production plant in Sluiskil, the Netherlands, on April 22, 2025

An employee holds fertilizer granules stored in a warehouse at the Yara chemical company's fertilizer production plant in Sluiskil, the Netherlands, on April 22, 2025

Iran war: Strait of Hormuz shutdown could spark food crisis

Along with spiking oil prices, Iran's de facto Strait of Hormuz closure is raising fertilizer costs by up to a third.

A Russian oil tanker is seen near a lighthouse on Skryplev Island in the Eastern Bosporus Strait.

A Russian oil tanker is seen near a lighthouse on Skryplev Island in the Eastern Bosporus Strait.

US temporarily allows sale of Russian oil stranded at sea

A US Treasury Department ⁠license allows the sale of Russian oil already loaded onto vessels for the next 30 days.

A panoramic view of oil tankers and freighters at sea in foggy weather

A panoramic view of oil tankers and freighters at sea in foggy weather

Iran attacks send oil back above $100 as war widens

Oil markets are jittery after the closure of the Strait of Hormuz, chokepoint for a fifth of the world's oil shipments.

Gas prices are displayed at a gas station in Frankfurt (file photo)

Gas prices are displayed at a gas station in Frankfurt (file photo)

Businesses and consumers suffer from high diesel prices

Especially in Germany, the prices for petrol and diesel have risen due to the exploding oil price.

Black smoke rises in Tehran after fires broke out following US-Israel attacks targeting some oil storage facilities

Black smoke rises in Tehran after fires broke out following US-Israel attacks targeting some oil storage facilities

Iran war risks long-term toxic legacy for people and nature

The fallout from fighting in the Middle East threatens lasting repercussions for the region's people and ecosystems.

Deutschland 2026 | Talk-Sendung | Totale englisches Studio

Deutschland 2026 | Talk-Sendung | Totale englisches Studio

Iran war: Who benefits from the oil price shock?

Markets are increasingly nervous about the war in Iran. Could it crash the global economy?