Horacio Marín, the president of YPF, commented on the potential repercussions of the ongoing Middle Eastern war on gasoline prices in Argentina. He emphasized that despite the upheaval in global oil markets, consumers should not expect an immediate increase in gasoline prices. Instead, any changes will be contingent upon the evolving situation in the Middle East, particularly concerning oil shipments from critical regions like the Strait of Hormuz.

Following U.S. interventions in Iran and the subsequent restrictions on oil traffic in the Strait of Hormuz, international oil prices have seen significant fluctuations, exceeding $80 per barrel. Marín highlighted that the current scenario, where millions of barrels are trapped and unable to be exported, leads to a sharp rise in oil prices which, as of now, stands at approximately $82. This volatility clearly has the potential to influence local pricing structures in Argentina.

Despite these circumstances, YPF's pricing strategy aims to manage fluctuations prudently to stabilize consumer prices, rather than allowing sudden increases. Marín's statements reflect an understanding of how global tensions can filter down to local economies and the measures YPF is taking to cushion their customers amid these geopolitical challenges.