Zvimba Rural Mobilising Team

War can significantly impact fuel prices, and the current conflict in the Middle East is no exception. The tensions between the US and Iran have led to a surge in oil prices, with Brent crude rising to $82.38 a barrel, a multi-month high ¹ ² ³.

*Key Factors Influencing Fuel Prices:*

- *Supply Disruptions*: Attacks on energy infrastructure, such as the Strait of Hormuz, can disrupt global oil supplies, driving prices up.
- *Geopolitical Uncertainty*: Escalating conflicts create market volatility, causing prices to fluctuate.
- *Insurance and Transportation Costs*: Increased war-risk premiums and shipping costs are passed on to consumers ⁴ ⁵.

*Forecasts:*

- Standard Chartered predicts Brent crude will average $74 per barrel in Q1 2026, with an annual average of $70.
- UBS forecasts $71 per barrel in Q1, implying around $80 in March, and $72 for 2026.
- The EIA expects prices to fall to $58 in 2026 and $53 in 2027 due to increased global supply ³ ⁶ ⁷.

Would you like to know more about how global events affect fuel prices or explore strategies to mitigate these impacts?

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