The International Energy Agency has highlighted that the ongoing geopolitical tensions have led to a 60% increase in oil prices, severely affecting Germany’s economy, which remains reliant on fossil fuels despite a 58.8% share of renewable energy in electricity generation. Additionally, inflation is projected to rise to 2.8% this year and 2.9% in 2027, prompting calls for structural reforms from Federal Minister Katherina Reiche to enhance future growth prospects.