Berlin: Diesel prices in Germany have climbed above pound 2 ($2.33) per liter due to escalating tensions in the Middle East and supply concerns following Iran's announcement of a blockade of the Strait of Hormuz, driving up energy costs.

According to Anadolu Agency, data from the German automobile club ADAC showed that the nationwide average price of diesel reached pound 2.054 per liter on Wednesday. Gasoline (E10) prices also increased, rising to an average of pound 1.995 per liter in morning trading. Compared with February 27, diesel prices have surged by pound 0.31, while gasoline prices increased by pound 0.18.

Fuel prices in Germany are typically around 10 euro cents higher in the morning than in the evening, but the recent rapid increases have overshadowed this routine daily fluctuation. The price surge has been driven primarily by volatility in global oil markets due to the escalating Middle Eastern conflict. Concerns about potential disruptions in the Strait of Hormuz-through which roughly one-fifth of global oil trade passes-have put additional pressure on energy prices.

Changes in crude oil prices and fluctuations in the US dollar remain the main drivers of fuel prices. Market observers say the tensions in the Middle East have also caused partial disruptions in diesel supply. ADAC also warned that fuel prices can vary significantly between stations and advised consumers to compare prices carefully, particularly during periods of market volatility.