Germany Blames US-Iran War for €70bn Revenue Shortfall

Germany's Finance Minister Lars Klingbeil has blamed the US-led war against Iran, launched on 28 February alongside Israel, for a projected €70 billion drop in German tax revenues through 2030, citing a global energy shock caused by the closure of the Strait of Hormuz. The economic tremors rippling out from the Middle East conflict are a sobering reminder that wars centred on Israel and Iran do not stay regional — they destabilise the entire global order. Scripture warns that in the last days, widespread economic disruption and 'wars and rumours of wars' will precede the return of Christ, with the nations in anguish over events emanating from the Middle East.