German Finance Minister: Germany must be prepared for the long-term energy impact caused by the Iran war.

German Finance Minister Scholz stated on Tuesday before departing for the International Monetary Fund Spring Meetings that Germany must assume that the energy price shock triggered by the war in Iran will continue to exist, making the economic situation extremely fragile. Scholz said he will discuss with finance ministers from other countries and international organizations which measures are best suited to stabilize the economy and markets, and how to provide targeted support for those most severely affected by the shock. "This crisis once again shows that we must become more independent, more crisis-resistant, and more resilient," he said. He added that he will use this trip to Washington to present the German government's reform agenda and promote investment in Europe's largest economy.