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News Wire / economy

Gasoline Prices Rise In Iran

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Global financial markets are experiencing volatility as oil prices rise following a lack of progress in peace negotiations between Iran and the United States. The US oil barrel for June delivery declined by nearly 2% to 105 dollars. The euro rose to 1.1736, supported by expectations that the European Central Bank is preparing to raise interest rates. International oil prices rose to a close of $114.01 per barrel following warnings from Iran. This figure is compared against a total capacity of approximately 86 million barrels. The report notes this occurs as average oil loading has declined from 2 million barrels per day to 560,000 barrels per day. Iran has already reduced oil production to 1.1 million barrels per day and may implement further cuts by mid-May.

Global financial markets are experiencing volatility as oil prices rise following a lack of progress in peace negotiations between Iran and the United States. The US oil barrel for June delivery declined by nearly 2% to 105 dollars. The euro rose to 1.1736, supported by expectations that the European Central Bank is preparing to raise interest rates. International oil prices rose to a close of $114.01 per barrel following warnings from Iran. This figure is compared against a total capacity of approximately 86 million barrels. The report notes this occurs as average oil loading has declined from 2 million barrels per day to 560,000 barrels per day. Iran has already reduced oil production to 1.1 million barrels per day and may implement further cuts by mid-May. The country is reportedly using unconventional storage methods, including old sites and containers in southern hubs like Ahvaz, Tel Ahvaz, and Asaluyeh. Daily storage capacity has been reduced to 560,000 barrels. Average gasoline prices at Persian gas stations have exceeded 2,040 won per liter. Filling a mid-sized vehicle's fuel tank now costs an additional 100,000 won. Drivers are increasingly choosing electric vehicles to avoid the burden of high fuel costs, as charging costs for similar vehicles are approximately half that of gasoline.

Topics

oil geopolitics Iran-US relations

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Sources · 7 independent

Mastodon

“Stocks sink, oil rises amid Iran-US tensions. Financial markets are reacting to the lack of progress in peace talks between Iran and the US”

TOK FM

“Bez zaskoczenia, brak porozumienia między Waszyngtonem a Iranem, znowu wpłynął na ceny ropy. Dziś rano wzrosły o prawie 3%.”

NTV Radyo

“Bosti Jornal gazetesi savaşın İran'daki petrol sağlarının mı, yoksa tülesel tüketicilerin mi daha fazla dayanacağına dair bir zaman yarışına dönüştüğünü yazıyor.”

SRF 4 News

“erhebliche Sebelrasseln zwischen dem Iran und den USA gibt und Donald Trump hat sogar damit gedroht mit einer neuen militärischen Offensive und das alles hat dazu geführt, dass zumindest kurzfristig zu einem erheblichen Anstieg der Preise geführt hat.”

WTOP Washington DC

“Oil prices are now around $116 a barrel due to the war with Iran.”

Digi FM Romania

“prețul petrolului a atins un maxim al ultimilor patru ani si a depasit pentru scurt timp o 126 de dolari pe baril. Asta dupa ce in presa au aparut informatii ca Donald Trump ar putea decide noi acțiuni militare in Iran.”

YTN Radio

“국제유가는 호르무즈혜업 봉쇄 장기화 우려로 베럴당 126달러를 돌파해 4년 만에 장중 최고치를 기록한 이후 차익 실현 움직임이 일면서 하락 마감했습니다.”

BCC News Taiwan

“觸及到四年來的新高點... 煤筒漲到126美金, 但隨後回跌到110美元左右”

Antena 1 RTP HLS

“Os preços do petróleo atingiram esta quinta-feira máximos históricos nos mercados internacionais.”

Antena 1 RTP HLS

“o preço do barril de petróleo ultrapassou US$ 620. Esta quinta-feira um valor que não se verificava desde”

RTP Antena 1

“o preço do barril de petróleo ultrapassou US$ 620, esta quinta-feira, um valor que não se verificava desde 2022.”

RFI Monde

“Le baril américain de pétrole pour livraison au mois de juin recule néanmoins aujourd'hui de près de 2% à 105 dollars. L'euro remonte à 1,1736, aidé par l'impression que la Banque centrale européenne se prépare à relever son”

ICI Radio-Canada

“pétrole atteint ce matin un niveau sans précédent depuis 2022”

BCC News Taiwan

“油價今天因為伊朗警告 如果美國繼續恢復對他們發動攻擊行動的話 如果要對美軍在中東的據點發動長期且痛苦的打擊 而且說會繼續掌控河墨茲海峽”

Al Jazeera Arabic

“ننتج إيران حالياً نحو ثلاثة ملايين وخمس مئة ألف برميل يومياً فيما تنهز الصادرات”

Al Jazeera Arabic Voice

“تكشف شركة كبلر عن تضخم مخزونات نفط الإيرانية لتصل إلى تسعة واربعين مليون برميل مقارنة بطاقة اجمالية تبلغو نحو ستة وثمانين مليون برميل”

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