CommoditiesMedium•3 November 2026•
1 min read
Marine Fuel Prices Surge 72% Amid Strait of Hormuz Disruptions
Key Facts
1Marine fuel prices rose 72% by October 20, 2026, compared to the six-month average preceding the conflict, according to UNCTAD.
2Diesel prices increased by 81%, jet fuel by 80%, and gasoline by 64% as a result of the disruptions.
3The Baltic Exchange Dirty Tanker Index reached 371 by October 19 from a baseline of 100 in February.
Marine fuel prices rose 72% by October 20, 2026, compared to the six-month average preceding the conflict, according to a report by UNCTAD. safety4sea reported that diesel prices increased by 81%, jet fuel by 80%, and gasoline by 64% as a result of disruptions in the Strait of Hormuz.
The Baltic Exchange Dirty Tanker Index reached 371 points on October 19, 2026, up from a baseline of 100 in February of the same year. The data indicates severe inflationary pressure on global energy markets and maritime freight costs due to constrained supply routes and rising operational expenses for sea transport.