Merz says Germany has enough oil and gas supplies but warns on global shortages
April 30 (Reuters) - German Chancellor Friedrich Merz said Germany had enough oil and gas supplies, but global shortages meant his government was doing everything possible diplomatically to open the Strait of Hormuz.
"We still have (...) enough oil and gas supplies. Relatively little of the supply for Europe passes through the Strait of Hormuz. The majority comes from other sources," he told a town hall event in the northern town of Salzwedel on Thursday.
"Nevertheless, the shortages on the global markets are, of course, also an important signal for price developments here. Therefore, everything is aimed, including my own efforts, at making every possible contribution to reopening the Strait of Hormuz."
Recommended Articles












Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.