Petrol prices in Hungary could rise by 10–15 forints following Israeli strike on Iran

Following Israel's airstrike against Iran, oil prices have risen significantly, reminiscent of the price hikes during the Russo-Ukrainian war. Market participants are concerned about oil and gas supply from the Middle East, leading to increased demand for government bonds and gold. The Hungarian forint weakened against the euro, and experts predict rising fuel prices, impacting inflation and the transport sector. While the Israeli strikes did not target Iran's oil infrastructure, uncertainties remain about the conflict's escalation and its potential effects on the global economy.