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NewsCommodities

German coalition weighs steps such as windfall tax to tackle surging energy costs

ReutersMar 27, 2026 12:59 PM

BERLIN, March 27 (Reuters) - A working group in Germany's ruling coalition has asked the government to consider additional measures such as a windfall tax and price caps in order to cushion Germans from a price surge due to the Iran war, lawmakers said on Friday.

The group of conservative and centre-left lawmakers also suggested lowering electricity costs for households, cuts to energy tax and bringing coal power stations back online.

"There is no supply problem, but a price problem," said Armand Zorn from the centre-left Social Democrats.

The additional measures are based on a scenario of the war dragging out and the Strait of Hormuz remaining shut to most shipping for an extended period.

Iran has effectively blocked the Strait of Hormuz, which carries about 20% of global oil and liquefied natural gas, driving up energy prices and roiling financial markets.

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