Vietnam urges work from home as fuel prices rise by up to 80% amid crisis
The government said in a statement on Tuesday that Vietnam was among the countries most affected by the unrest due to its heavy dependence on energy imports from Vietnam. The Middle East. Citing a report by the Ministry of Industry and Trade, it called on companies to “encourage working from home when possible to reduce the need for travel and transportation.”
Fuel prices have risen since the end of last month, with gasoline rising by 32%, diesel by 56% and kerosene by 80%, according to data from Petrolimax, the country’s largest fuel trading company. Long queues of cars and motorcycles were seen at petrol stations in Hanoi on Tuesday.
The Ministry also urged companies and individuals not to store fuel or speculate on it.
People line up to buy gasoline at a gas station after the Vietnamese Ministry of Commerce called on local companies to encourage their employees to work from home to save fuel amid supply disruptions and rising prices caused by the US-Israel conflict with Iran, in Hanoi, Vietnam, March 10, 2026. (Reuters/Khanh Phu)
Gas prices may rise as tensions in the Middle East threaten global oil supplies
Prime Minister Pham Minh Chinh on Monday held contacts with the leaders of Kuwait, Qatar and the United Arab Emirates to secure additional supplies of fuel and crude oil. The government also canceled customs duties on fuel imports until the end of April in an attempt to ease pressure on the market.
president Donald TrumpAir strikes on Iran sent crude oil markets into a tailspin, with prices rising to $120 a barrel in the US over the weekend before falling again to just over $80 on Monday evening when Trump spoke to a Republican resort in Florida.
Prices stabilized after Trump assured investors The Strait of Hormuz will be safe For oil tankers in the Middle East, a notorious choke point for the largely disjointed Iranian regime.
President Donald Trump addresses reporters aboard Air Force One last week as Secretary of Defense Pete Hegseth looks on. (Sol Loeb/AFP via Getty Images)
Trump is realigning global energy markets and Iranian strikes are already helping
The situation in the region remains fragile as Iran announced that Mojtaba Khamenei is the next supreme leader, a decision that Trump told Fox News he was “not happy with.”
“I don’t think he can live in peace,” Trump said from Air Force One.
Iran’s Revolutionary Guard said on Tuesday that it would not allow any oil to leave the Middle East until US and Israeli attacks stop, a threat that prompted Trump to threaten to hit Iran “twenty times harder” if it blocks exports.
Strikes on Iranian leadership, the Iranian Revolutionary Guard, Iranian naval vessels, and oil infrastructure roiled markets. (Sasan/Middle East Pictures/AFP via Getty Images)
Despite defiant rhetoric from both sides, investors placed strong bets Tuesday that Trump will call off his war soon, before the unprecedented disruption caused by energy supplies triggers a global economic collapse.
“I heard they wanted to talk bad,” Trump said. War Department Claimed that 50 Iranian naval vessels have been sunk, Trump notes that objections to the war are weeks ahead of schedule, if not nearly “full.”
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Speaking about involving the new Iranian leadership, the descendants of deceased leaders, Trump added, “It is possible,” but said that it “depends on the conditions that are possible, only possible.”
“You know, we don’t have to talk anymore, you know, if you really think about it, but it’s possible,” he said.
Trey Yingst of Fox News and Reuters contributed to this report.
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