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the war in iran is causing a sudden increase in petrol prices across europe global energy markets are unstable because of the conflict and the partial closure of the strait of hormuz a key route for oil data shows that between late february and early march countries like germany and austria saw prices rise by as much as 14% in germany the price of a litre of petrol jumped from 1.82 euros to over 2.00 euros in just a few weeks governments are now looking for ways to protect drivers for example germany is looking at new laws to stop gas stations from changing prices several times a day austria has already limited how often prices can go up meanwhile hungary has introduced a price cap specifically for cars with hungarian license plates to prevent fuel tourism from neighboring countries.