Rising gasoline prices raise concerns in the global market

Gasoline prices are rising sharply and this increase has not yet stopped. This was reported by Zamin.uz.

According to ICE data, due to military actions by the US and Israel against Iran, gasoline prices in the European market rose by 20 percent on Monday. This situation is causing serious concern in the global energy market.

Any risk related to oil and fuel immediately affects prices during times of heightened military tensions. This situation in the European market indicates that gasoline prices may rise further in the future.

A factor worsening the situation is that the world's largest oil refinery in Saudi Arabia — Aramco — was shut down after a drone attack. This has further increased market anxiety and price increases are expected.

Experts believe that the temporary halt of major production capacities will put pressure on fuel supply. This could lead to an increase not only in oil but also in gasoline prices.