Global Fuel Prices Surge Following Iran Conflict and Strait of Hormuz Closure
The outbreak of conflict involving Iran and the closure of the Strait of Hormuz have led to a significant increase in petroleum product prices across nearly 150 countries, according to Arab media reports.
Cambodia recorded the highest increase in gasoline prices among the affected nations. The report stated that gasoline prices in Cambodia rose from $1.11 per liter in February to $1.32 per liter in March, marking an increase of 67.81 percent.
Pakistan ranked sixth among countries experiencing the sharpest rise in fuel prices. In Pakistan, gasoline prices increased from $0.92 per liter in February to $1.15 per liter in March, representing a 24.49 percent increase.
The Strait of Hormuz is one of the world’s most important oil shipping routes, and any disruption to traffic through the waterway has a direct impact on global energy markets. Analysts warn that prolonged instability in the region could place additional pressure on fuel prices and transportation costs worldwide.
**Note:** The figures and claims in this report are based on the information provided and should be verified against official energy market data and international pricing reports.
