Economy
Gasoline Prices Continue to Break Records: Now Nearly Half a Euro Higher Than Before the War
The price of gasoline in the Netherlands reached a new record on Friday, rising by 1.5 cents to 2.727 euros per liter according to UnitedConsumers. This increase is largely attributed to the war in the Middle East and the blockade of the Strait of Hormuz, which has halted fuel supplies from hundreds of oil tankers. The average diesel price in the European Union also hit a record high, with fears that a potential US export ban could further drive up costs. Oil prices have surged due to damage to energy infrastructure and ongoing negotiations between Iran and the US regarding a ceasefire.
Ozetta summarises; the reporting is the newsroom's