Chain price hikes in the Republic of Moldova after record oil price surge

Oil prices surged sharply on Monday, March 9, rising more than 25% in just one day and reaching their highest levels in nearly three years. This increase was driven by concerns over potential disruptions to oil transport through the Strait of Hormuz and production cuts by several Middle Eastern producers. These developments are expected to significantly impact fuel prices in the Republic of Moldova, leading to widespread price increases that will primarily affect farmers and socially vulnerable families.