Siemens Reports Investment Slowdown Linked to Iran War and Rising Energy Prices

Siemens stated that the ongoing Iran war has resulted in customers delaying investments due to rising raw material and energy costs. The conflict has severely disrupted shipping in the Strait of Hormuz, a critical route for global oil and gas, causing Brent crude prices to increase by 56%. Additionally, Siemens announced an expansion of its AI partnership with Alibaba, offering 26 new services, despite challenges in accessing industrial data from Chinese partners due to IP concerns.

Published Mar 23, 2026

Siemens reported that the Iran war is causing a slowdown in customer investments as raw material and energy prices rise. The conflict has disrupted shipping through the Strait of Hormuz, affecting 20% of global oil and LNG flows, and causing Brent crude prices to surge by 56%.

AI-curated by Theia

CEO Roland Busch noted that oil and gas customers are holding back on new projects. At the Siemens Tech Summit in Beijing, the company announced an expansion of its AI partnership with Alibaba, providing 26 new services, while facing challenges in acquiring essential industrial data from Chinese partners due to IP issues. China has strict data transfer laws but offers some exemptions to European firms.