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The Role of the Strait of Hormuz for Germany and the EU

Author

Listed:
  • Lisandra Flach
  • Philip Bodenschatz

Abstract

Key MessagesIn 2024, Iran and neighboring countries relying on the Strait of Hormuz accounted for roughly 0.4 percent of German imports and 1.8 percent of extra-EU importsLess than 1 percent of total German imports and roughly 1.7 percent of extra-EU imports pass directly through the Strait of HormuzFor Germany, a blockade would mainly affect the sourcing of products such as unalloyed aluminum and medium and crude petroleum oilsFor the EU, the impact is more significant: About 6.2 percent of crude oil and 8.7 percent of the LNG imported from non-EU member states pass through the Strait of HormuzA prolonged blockade of the Strait is the primary threat to the EU and Germany, as it would spike energy prices and disrupt supply chains

Suggested Citation

  • Lisandra Flach & Philip Bodenschatz, 2026. "The Role of the Strait of Hormuz for Germany and the EU," EconPol Policy Brief 81, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    • Handle: RePEc:ces:econpb:_81
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    File URL: https://www.ifo.de/DocDL/EconPol_PolicyBrief-81.pdf
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    References listed on IDEAS

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    1. Sharat Ganapati & Woan Foong Wong & Oren Ziv, 2024. "Entrepôt: Hubs, Scale, and Trade Costs," American Economic Journal: Macroeconomics, American Economic Association, vol. 16(4), pages 239-278, October.
    2. Gaulier, Guillaume & Zignago, Soledad, 2004. "Notes on BACI (analytical database of international trade). 1989-2002 version," MPRA Paper 32401, University Library of Munich, Germany.
    3. Philip Bodenschatz & Katharina Erhardt & Lisandra Flach & Lukas Eberth, 2025. "The Role of Maritime Chokepoints for German International Trade," EconPol Policy Reports 56, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    4. Gabriel Felbermayr & Mahdi Ghodsi & Heider Kariem & Robert Stehrer & Yoto V. Yotov, 2026. "Economic implications for Europe of a potential reintegration of Iran into the world economy," wiiw Research Reports 481, The Vienna Institute for International Economic Studies, wiiw.
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