European Fuel Prices Hit Record Highs as Middle East Conflict Disrupts Supplies

53 articles · Updated · DW (English) · Apr 18

Fuel prices across Europe have surged to record highs amid severe supply disruptions caused by the ongoing US-Israel-Iran conflict.
Diesel in Germany exceeded €2.43 per litre, and European diesel futures surpassed $200 per barrel, with governments enacting tax cuts and subsidies to ease the burden.
The crisis stems from restricted traffic through the Strait of Hormuz, impacting global energy markets and prompting varied government responses to protect consumers and economies.

Will the Hormuz crisis permanently reshape global energy maps and trade alliances?

Beyond fuel, is a global food crisis the next domino to fall from the Hormuz closure?

Could Iran's oil blockade actually accelerate the world's pivot away from fossil fuels?

Is Europe's green transition a shield or a liability in this new era of energy warfare?

As diesel shortages cripple logistics, are electric trucks Europe's only viable escape route?

Will this crisis force Europe's central bank to choose between inflation and recession?