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Global fuel prices surge higher

Global fuel prices surge higher

Amazon has announced a 3.5% logistics surcharge for third-party sellers as fuel prices continue to climb due to the instability in the Middle East.

In the UK, motorists are facing diesel prices approaching £2 per litre, while Pakistan has seen unprecedented fuel hikes of up to 54%.

Governments across Europe are considering targeted aid and fuel rationing to manage the supply crisis and protect their economies from recession.

The closure of the Strait of Hormuz remains the primary driver of market volatility, as it throttles a significant portion of the world's energy supply.