German Finance Minister: Germany must prepare for long-term energy shocks caused by the Iran war

Klingbeil stated that he will discuss with finance ministers from various countries and international organizations which measures are best suited to stabilize the economy and markets, as well as how to provide targeted support to individuals and businesses that have been particularly hard hit. "This crisis once again shows that we must become more independent, more crisis-resistant, and more resilient," he said. He added that he would use this trip to Washington to introduce the German government's reform agenda and promote investment in Europe's largest economy.