Diesel prices surpass gasoline amid geopolitical crisis

The Iranian government is blocking the Strait of Hormuz, preventing oil tankers from passing. This has caused fuel prices at German gas stations to rise, particularly for diesel.

The blockade of the Strait of Hormuz by the Iranian government is causing significant disruptions to global oil transport. Oil tankers can no longer use this vital shipping route, complicating crude oil supplies and driving up prices at gas stations. Diesel prices are particularly affected, now exceeding those of gasoline.

This development is attributed to the geopolitical crisis in the region. The sources report that the blockade has direct impacts on the European market, where Germany, as a major fuel importer, feels the effects. There are no details on specific prices or further government actions, but the situation highlights the dependence on stable supply chains from the Middle East.

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Illustration of Iran's Strait of Hormuz blockade during war, driving up global oil and gas prices and threatening Europe's energy supply.
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War in Iran causes surge in energy prices

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On the fifth day of the war in Iran, Tehran's blockade of the Strait of Hormuz has driven up oil and gas prices, affecting the global economy. European gas prices rose from 32 to 49 euros per MWh, while Brent crude climbed from 72 to 82 dollars per barrel. Europe, vulnerable due to its reliance on imports, faces heightened risks if the conflict drags on.

President Donald Trump ordered US and Israeli attacks on Tehran in the early morning of February 28, 2026, prompting an Iranian missile response against Israel. This Middle East conflict endangers global oil supply via the Strait of Hormuz, through which one-fifth of the world's crude passes. In Mexico, which imports gasoline, it could lead to price hikes if the conflict persists.

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The price of Brent Crude Oil has risen to nearly 84 dollars per barrel amid ongoing conflict in the Middle East. This surge marks the highest level since July 2024 and raises concerns about potential supply disruptions through the Strait of Hormuz. Analysts warn that the escalation could compound global inflation risks.

미국과 이스라엘의 이란 공격으로 최고지도자 아야톨라 알리 하메네이가 사망한 가운데, 한국 정부는 석유와 가스 공급이 현재 안정적이라고 밝혔다. 긴급 회의를 통해 비축량을 확인한 결과, 석유는 수개월 분량을 확보했으며 가스도 의무 재고를 초과했다. 그러나 호르무즈 해협 폐쇄로 인한 잠재적 위험을 대비해 대체 항로와 지원 조치를 준비 중이다.

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As the US-Israel-Iran conflict surpasses its fourth day following initial strikes on February 28, Iran has blockaded the Strait of Hormuz and launched drone attacks on key Saudi and Qatari energy facilities. Growing European involvement and US commitments elsewhere raise concerns over prolonged hostilities harming American interests. De-escalation through negotiations is urgently needed.

The OPEC+ alliance is set to consider a larger-than-expected increase in oil supplies during its Sunday meeting, according to a delegate, following US and Israeli air strikes on targets inside Iran. This potential shift in production strategy comes amid military escalation threatening global energy flows. Israel’s Energy Ministry has ordered the temporary closure of several offshore natural gas fields due to security assessments.

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미국과 이스라엘이 이란의 최고지도자 아야톨라 알리 하메네이를 암살하기 위해 시작한 '에픽 퓨리 작전'이 중동 지역으로 확산되고 있다. 이란의 보복과 헤즈볼라, 후티 반군 등의 개입으로 한국 주식 시장이 급락하며 경제에 타격을 주고 있다. 정부와 기업들은 에너지 공급과 글로벌 불안정에 대비해야 한다.

 

 

 

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