www.gandul.ro/financiar/cancelarul-german-a-declar

The ongoing conflict between the US and Iran has cost Europe over 100 billion euros in the past eight months, according to German Chancellor Friedrich Merz. He emphasized the significant economic impact on Europe, particularly due to rising energy prices linked to disruptions in oil transit through the Strait of Hormuz. Merz called for a diplomatic resolution to the crisis, stating that military solutions are not viable. He reiterated Germany's commitment to supporting peace negotiations. The conflict has escalated since February, with military operations and renewed hostilities affecting global oil and gas transit.