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

Lisandra Flach and Philip Bodenschatz

No 81, EconPol Policy Brief from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

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

Date: 2026
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