Petrol prices rise in over 145 countries after US‑Israel attacks on Iran

At least 145 nations have reported rises in gasoline prices since the United States and Israel launched attacks on Iran, a development that underscores the broader market impact of heightened geopolitical tensions in the Middle East. The assaults, which began in early June, have prompted concerns over the security of regional oil supplies and have triggered a reassessment of risk premiums by traders, leading to a noticeable uptick in crude‑oil futures and, consequently, retail fuel costs across diverse economies. Energy ministries and market analysts in Europe, Asia, Africa and the Americas have confirmed that the price increases are linked to both the immediate disruption of export routes and the anticipation of possible sanctions or further conflict that could constrain Iran’s output.

The widespread price hikes are expected to strain household budgets and could influence inflationary pressures in the affected countries, prompting some governments to consider temporary subsidies or tax adjustments to mitigate the impact. As the situation evolves, market observers note that continued instability in the region may sustain elevated fuel prices, while diplomatic efforts to de‑escalate the conflict could provide a pathway to stabilizing global energy markets.