Monika Schnitzer, a Munich economist, expects the Iran conflict to trigger widespread price rises. In a Tuesday interview with the Funke Media Group’s newspapers, she said consumers will feel the impact most immediately at fuel pumps and heating bills, with higher food and service costs following indirectly. She added that the uncertainty surrounding the war could stir turbulence in financial markets and dent investment.
Schnitzer, the chair of the Expert Council for assessing overall economic development, warned that while limited conflict may produce noticeable but manageable effects, a prolonged escalation could place considerably greater pressure on inflation and growth.
The council’s statement cited the tightened shipping lanes in the Strait of Hormuz-through which about 20 % of global oil trade passes-that have driven up oil prices. Higher energy costs translate into increased transport, production and logistics expenses for firms. Energy‑intensive sectors such as chemicals, aviation and manufacturing are therefore likely to feel the strain.
