In an interview with LN+, economist Fernando Marull shared insights on how the current war in the Middle East is impacting Argentina, specifically through rising oil prices. He indicated that if oil prices continue to rise, it could lead to an increase in gasoline prices, which are projected to rise by 7-8% in March. This escalation sets a higher baseline for Argentina's inflation rate, which has been a pressing issue in the country.

Marull pointed out that there are two direct impacts of the recent surge in oil prices. On one hand, it boosts the price of Argentine exports, particularly oil, leading to an influx of dollars into the country. However, the negative side is that it puts upward pressure on domestic fuel prices, further aggravating inflationary trends. The dual nature of these impacts highlights the complexities of Argentina's economic situation, especially in the context of global events like the Middle East war.

As Marull emphasizes, should oil prices continue to trend upwards, it is very likely that gasoline prices will follow suit. This creates a worrying scenario for consumers who are already facing inflationary pressures, which can affect overall economic stability. The outlook suggests that unless there are significant changes in the international oil market, Argentina’s economic challenges may intensify in the coming months.