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Economy · Cyprus
New fuel price increases expected due to Middle East tensions
2 sourcesFirst reported 7 days agoUpdated 6 days ago
Left 50%
Center 50%
1 left-leaning1 center
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What all sources covered
- Rising tensions in the Middle East are contributing to an increase in oil prices.
- Recent U.S. airstrikes on Iranian military installations have heightened fears of renewed full-scale conflict and supply disruptions.
- The fluctuations in the Strait of Hormuz are raising concerns about the global energy market.
- International oil prices have reached their highest levels in four weeks, with crude prices rising by approximately 10%.
- New increases in gasoline and diesel prices are anticipated as a result of these developments.
2 sources
Who reported first
DialogosFirst
CNN Greece+22h
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