Portugal recorded a sharp 25% increase in fuel prices during May, driven by escalating US military actions against Iran. The spike reflects global oil market volatility as new attacks sent crude prices soaring. Consumers are now facing higher costs at the pump, with ripple effects across transport and goods. Economists warn that prolonged conflict could keep prices elevated, squeezing household budgets. The Portuguese government is monitoring the situation but has limited tools to shield consumers from global shocks.
Article and image source: tvi.iol.pt
