Conflict between Israel and Iran is impacting Portuguese households through rising energy and food costs. A 50-liter tank of fuel is now 11.75 euros more expensive than before the war, with further risks if the Strait of Hormuz (Estreito de Ormuz) closes. The International Energy Agency warns of a massive global supply drop this month. Residents should note that these pressures may also lead to interest rate hikes.
Middle East conflict drives up Portuguese fuel prices
Friday, 13 March 2026AI summary
4 sources
- It is still too early to tell if we will have a crisis like the one in the 70sCNN Portugal ·
- When war hits the pockets of the PortugueseDiário de Notícias ·
- The spectre of a new inflationary crisis in EuropeObservador ·
- War in the Middle East causes the biggest crisis ever in the oil marketCorreio da Manhã ·
