Iranian authorities want to dampen fuel consumption, but a sudden increase in gasoline prices risks social unrest as many Iranian households are already under severe economic pressure.

US gasoline prices rise due to Iran conflict disrupting shipping. Crude oil reaching a new all-time high by December 31 at 13.5% YES.

Hamid Hosseini, spokesperson for the Union of Exporters of Oil, Gas, and Petrochemical Products, warned of a worsening gasoline imbalanc ...