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62 new news items in the last 24 hours
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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
Rosneft Director: American energy companies are the main beneficiaries of the closure of the Strait of Hormuz
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Oil exports through the Strait of Hormuz could remain below pre-US-Israel-Iran war levels, even after a possible peace agreement.
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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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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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The Prime Minister Ilie Bolojan's plan regarding the high prices of diesel fuel
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Europe is facing the risk of a gas deficit if the blockade in the Strait of Hormuz continues for one to three months. Current stocks are below seasonal norms.
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fuels Strait of Hormuz energy minister bogdan ivan

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