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Oil Soars as Middle East Tensions Escalate | Nigaragua News
Oil’s surging past $100 a barrel is sending shockwaves to Costa Rica’s wallets — and it’s not just gas prices that’ll feel the squeeze. Tied directly to Middle East tensions, including U.S. strikes on Iranian tankers and Iran’s threat to escalate, global fuel costs are climbing fast. Since Costa Rica imports all its fuel, we’re locked into these swings — with official price hikes lagging by months, meaning the next adjustment in November will hit us full force. Higher oil doesn’t just mean more at the pump — it inflates everything from flights to shipping, possibly reversing recent inflation…
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