With the Iranian conflict still raging, experts warn that energy prices could surge.
Energy specialist Manuel Frondel of the RWI Leibniz Institute told the “Rheinische Post” that a $180‑per‑barrel price would dwarf the roughly $150 peak seen in 2008, and he said such a spike is not out of the question. He added that a jump to that level would significantly heat up inflation in Germany, likely erasing the economic growth prospects that are now expected for 2026.
Last Friday, Brent crude climbed to about $111 a barrel. Frondel pointed out that households using gas heating are currently shielded from large price hikes by the contract terms they have locked in. However, those who will need to sign new agreements soon are poised to feel the impact.
He also noted that owners still reliant on oil heating can breathe easier for now, feeling relieved that winter has passed and hoping prices will fall again by autumn.
