Motorists worldwide are experiencing rising fuel prices due to the ongoing conflict involving the United States and Israel’s actions against Iran. In the U.S., the average price of regular petrol has surged by 20 percent since February, with some states exceeding $4 per gallon. Global Petrol Prices data reveals that at least 85 countries have reported petrol price hikes, with Vietnam seeing the most significant increase at nearly 50 percent. Asian countries, heavily reliant on oil imports from the Strait of Hormuz, are particularly affected, prompting emergency measures in Japan and South Korea, while rising oil prices threaten food costs globally.
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