Berlin, March 17, 2026 (AFP) - Germany targets oil firms to prevent wartime price gouging

NAMPA / AFP

2026-03-17

Germany said Tuesday its competition watchdog will soon get more powers to target energy firms over concerns they are unfairly hiking petrol prices to profit from the wartime oil shock. Global oil prices have surged as the Middle East war, pitting allies the United States and Israel against Iran, has led to the near total closure of the Strait of Hormuz to oil and gas tankers. In Germany, "it is certainly notable that prices at gas stations have......

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