Berlin, Germany — April 3, 2026 The ongoing conflict involving Iran has triggered a sharp rise in asphalt prices across Germany, with bitumen—a key oil-derived component—doubling in cost over recent weeks due to surging global oil prices.
Rising Costs Hit Construction Sector
The price of bitumen, an essential material for asphalt production, has doubled in a matter of weeks as geopolitical tensions in the Middle East disrupt oil markets. This surge is directly tied to the war involving Iran, which has driven up crude oil prices globally. Bitumen, a byproduct of oil refining, cannot be stockpiled, leaving construction firms vulnerable to immediate price fluctuations.
Industry experts warn that the spike in bitumen costs will translate to a 30% increase in asphalt prices, further straining road construction and infrastructure projects. Some refineries have already raised bitumen prices by 20% for construction companies, forcing contractors to reassess budgets and timelines.
Contract Adjustments and Industry Response
Facing mounting financial pressure, the construction industry is pushing for price adjustment clauses in existing contracts to account for volatile material costs. Similar measures were adopted following Russia’s invasion of Ukraine, highlighting the sector’s reliance on stable energy markets.