The document analyzes the global effects and specific implications for Latin America of the hostilities that began on February 28, when the United States and Israel attacked Iran, and the latter responded by launching missiles toward Israeli territory.

From then on, oil prices skyrocketed from 70 dollars to almost 120 dollars per barrel, which had an impact on the global economy.

In Chile, for example, the government implemented an unprecedented rise in gasoline and diesel prices, although after the ceasefire agreement signed by Washington and Tehran, prices began to decrease slightly.

Now, the resumption of hostilities and signs of renewed navigational problems in the Strait of Hormuz are reigniting fears of supply disruptions in the Middle East and, consequently, price increases.

jdt/iff/arc/car