The spike in oil prices caused by the U.S. and Israel’s attack on Iran could fuel inflation in Argentina and, at the same time, positively impact the country’s foreign accounts, according to analysts. A spokesperson for YPF said the company sets fuel prices based on the weekly average barrel price, among other factors. During the week, prices will be adjusted to reach a new parity,” he said, saying this method avoids peaks. A report by consulting firm 1816 said that, beyond the relatively negative financial impact of international volatility, the new energy prices will have a significant positive impact on Argentina’s external accounts. “Those figures may now be outdated given current prices — and if energy prices ultimately stabilize at 20% above current levels, those figures could reach US$ 12 billion and US$ 18 billion, respectively.”

Source: Bueno Aires Herald March 10, 2026 02:06 UTC