The unequal share of countries in the inflation caused by a disruption in the Strait of Hormuz ▫ A disruption in the Strait of Hormuz not only disrupts the flow of oil and gas; Its consequences range from increased shipping costs to higher fuel prices and pressure on the livelihoods of households around the world. However, not all countries pay the same price for this crisis. ▫ The report of the United Nations Conference on Trade and Development shows that after the beginning of the conflicts in the Middle East in February 2026, the price of oil rose from $66 to $108 per barrel. At the same time, the crude oil transportation cost index rose to 371 and the petroleum product transportation cost index rose to 280. The prices of diesel fuel, jet fuel, ship fuel and gasoline also increased by 81, 80, 72 and 64% respectively. ▫ But the main difference is in the tolerance for this shock. In 60 countries out of a total of 161 economies, the price of gasoline rose by more than 20%, and this number for diesel reached 95 countries out of 160 economies.

The unequal share of countries in the inflation caused by a disruption in the Strait of Hormuz ▫ A disruption in the Strait of Hormuz not only disrupts the flow of oil and gas; Its consequences range from increased shipping costs to higher fuel prices and pressure on the livelihoods of households around the world. However, not all countries pay the same price for this crisis. ▫ The report of the United Nations Conference on Trade and Development shows that after the beginning of the conflicts in the Middle East in February 2026, the price of oil rose from $66 to $108 per barrel. At the same time, the crude oil transportation cost index rose to 371 and the petroleum product transportation cost index rose to 280. The prices of diesel fuel, jet fuel, ship fuel and gasoline also increased by 81, 80, 72 and 64% respectively. ▫ But the main difference is in the tolerance for this shock. In 60 countries out of a total of 161 economies, the price of gasoline rose by more than 20%, and this number for diesel reached 95 countries out of 160 economies.