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Vietnam to remove fuel tariffs amid supply disruption due to Iran war
Vietnam aims to ease fuel price surges caused by Middle East conflict by cutting import tariffs to zero temporarily, with prices rising up to 56%, officials said.
- On March 10, 2026, Vietnam's trade ministry urged local businesses to encourage employees to work from home to reduce travel and save fuel, and asked against hoarding fuel.
- The US-Israeli war on Iran has entered its 11th day, causing a blockade at the Strait of Hormuz and bombings over Gulf refineries, hitting Vietnam hard due to its reliance on Middle East energy imports.
- Prices surged, with Petrolimex reporting gasoline up 32%, diesel 56% and kerosene 80%, amid long queues at Hanoi petrol stations and the removal of import tariffs until April.
- Across the region, governments and educational institutions mandate work-from-home and online classes, while Bangladesh suspended classes and exams on March 10 to conserve energy amid shortages.
- Cuts by major producers removed 6.7 million barrels per day, causing oil prices to briefly retreat from $117 to around $90 per barrel, but uncertainty remains for economies without stockpiles.
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24 Articles
24 Articles
Vietnam urges work from home as Iran war disrupts fuel supplies
HANOI: Vietnam’s trade ministry has called on local businesses to encourage their employees to work from home as part of efforts to save on fuel amid supply disruptions and price surges triggered by the Iran war.
·Malaysia
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The Vietnamese government is considering temporarily suspending import taxes on fuel to stabilize the domestic market, following the US-Israeli conflict with Iran which caused domestic oil prices to surge to their highest level in nearly three years.
Coverage Details
Total News Sources24
Leaning Left6Leaning Right4Center4Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
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