Italy fuel prices surge amid US‑Iran tensions, pressuring families and markets

Fuel prices in Italy have risen for a seventh consecutive day following the reinstatement of fuel taxes, with the average self‑service price reaching €1.869 per litre for gasoline and €1.968 per litre for diesel. The increase is linked to renewed US‑Iran hostilities in the Gulf and concerns over the Hormuz Strait, which are raising energy costs and adding pressure to households that already face weak wages.

On the same day, Italy’s Milan stock exchange closed modestly higher, up 0.4%, outperforming other European markets. Digital‑payments firm Nexi led gains with a 6% rise, while auto manufacturer Stellantis added 3.4%. Banking shares also rose, whereas energy giant Eni fell 1.2% amid nervous oil markets. The BTP‑Bund spread narrowed slightly, and gas futures in Amsterdam slipped about 3%, indicating limited immediate impact of the Gulf crisis on broader financial markets.