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96 new news items in the last 24 hours
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  2. Current Affairs

The Minister of Energy states that the decrease in fuel prices will last at least 50 days, even if the Strait of Hormuz reopens.

Emese Grancsa
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8 April 2026, 20:54
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Current Affairs
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Bogdan Ivan stated that it would take at least 45-50 days until fuel prices would significantly decrease even if the Strait of Hormuz were to reopen and oil tanker traffic returned to normal. He explained that oil production has decreased by 25% due to the blockade of the strait and the bombing of extraction facilities, while demand has increased due to consumer panic as they stock up.

Ivan emphasized that the price of a barrel of oil on the international market has reached double that of the period before the Middle East war, affecting not only fuel prices but also those of petroleum products, plastics, and fertilizers. He also mentioned that Romania has found new supply routes, including from French Guiana. The minister estimates that it will take a few weeks until lower prices reach the pump, after the conflict in the Persian Gulf has ceased.

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Bogdan Ivan: E nevoie de 45-50 de zile de la reluarea traficului de petrol în condiţii normale până când vom reveni la stadiul dinainte de război
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Ivan: Scăderea prețurilor se va simți la pompă cu o întârziere de câteva săptămâni

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NEWS ON THE SAME TOPICS

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Economy
Bogdan Ivan: In the four months since I left, they have done absolutely nothing / In Romania, the increase in petrol prices is unjustified
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Bogdan Ivan: "More than half of the aid provided by the state" through the reduction of the excise duty on diesel was "swallowed up" by the increases of the oil companies.
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Ilie Bolojan stated that the state cannot control the rise in fuel prices due to international factors.
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Former Minister of Energy, PSD Deputy Bogdan Ivan: "The prices of diesel have gone crazy. There is a need for inspections, explanations, and quick decisions."
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Dumitru Chisăliță, president of the Intelligent Energy Association, warns that fuel prices will not rise in the coming days, but tensions in the Gulf could lead to significant increases in the next two weeks.
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International
The director of AIE stated that the global economy will be affected if the conflict in the Strait of Hormuz is not resolved quickly.
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fuels Strait of Hormuz energy minister bogdan ivan

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