The Wholesale Price Index (WPI)-linked inflation increased to 3.88 per cent in March, from 2.13 per cent in February 2026, the highest in 41 months, according to the data released by the Ministry of Commerce and Industry on Wednesday.

The average price of gasoline in the United States rose to $4.10 per gallon, marking a 12-cent increase from the previous week, according to AAA data.

An analysis by environmental group 350.org estimates that rising oil and gas prices have cost consumers and businesses worldwide up to $111 billion during the first month of the war involving Iran.

European gas prices soared nearly 50% following a production halt by Qatar Energy, one of the world’s top liquefied natural gas (LNG) exporters, due to attacks in the Middle East.

As Moldova navigates its path toward energy independence, the country faces a series of complex economic and geopolitical challenges.

The average gas price in Europe increased by 5% in February, reaching $542 per 1,000 cubic meters, according to data from the London-based ICE Exchange and TASS estimates.

European natural gas prices surged to a two-year high as colder temperatures accelerate the depletion of the region’s storage reserves.

The future of global oil prices remains a topic of intense debate, with opinions shaped by a series of unfolding events poised to impact the market. The delayed U.S. presidential election, Donald Trump's stark divergence from the Biden administration’s energy policies , the fall of the Syrian government, and discrepancies between real-time oil prices and OPEC+ decisions have all contributed to the uncertainty surrounding oil price forecasts.

Oil prices have surged following the collapse of the Syrian government, a development that has destabilized the Middle East and dealt significant blows to its long-time backers, Russia and Iran. Brent crude climbed toward $72 a barrel, while Texas Intermediate surpassed $67. Former President Donald Trump has reignited his rallying cry to "drill, baby, drill," promising to halve energy costs. This approach has raised alarms among emerging market oil producers reliant on dollar earnings, while offering hope to poorer oil-importing nations. Meanwhile, the power vacuum left by Bashar al-Assad’s fall has sparked competition among various factions, raising fears of escalating violence akin to the turmoil in post-revolution Libya and Iraq.

The international banking and financial services corporation of the Netherlands, ING ( Internationale Nederlanden Groep ), has updated its forecast on the average price of Brent standard oil, News.Az reports.

By Asif Aydinli