German Chancellor Friedrich Merz said on Monday (April 13) that Germany would continue to feel the aftereffects of the war in Iran for a long time to come.
Direct talks in Islamabad, Pakistan between the United States and Iran ended early Sunday morning with no agreement.
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"I wasn’t surprised by the decision to break off the talks in Islamabad. From the outset, I didn’t get the impression that they were particularly well-prepared," Merz told reporters in Berlin.
Merz announced a fuel price reduction for consumers and businesses worth 1.6 billion euros ($1.9 billion), following the spike in oil prices due to the Iran war.
Germany's economy is likely to feel the negative effects of war throughout the rest of 2026, with the best-case scenario being the gradual normalisation of energy and raw material prices, its economy ministry said in a monthly report.
