Gasoline prices rise after flare-up in US-Iran conflict
Sunday 19th July 2026 on 18:30 in
Denmark
Gasoline prices in Denmark have climbed for a second straight week as renewed tensions in the Middle East push crude costs higher and summer travel lifts demand.
The benchmark list price tracked by OK, which usually understates pump prices, rose 70 øre to 17.79 Danish kroner per litre from 17.09 a week earlier, the broadcaster DR reported.
Analysts cited two main pressures: fresh clashes around the Strait of Hormuz have lifted oil benchmarks, and global refineries are operating near capacity after repeated attacks on processing plants in Russia and China reduced exportable fuel supplies.
“Refineries worldwide are running flat-out,” said Ole Sloth Hansen, commodity strategist at Saxo Bank. “Even with relatively cheap crude, the finished product coming out of the refinery is expensive.”
Summer travel across Europe and beyond has tightened the market further, he added. “We have a bottleneck problem: production is barely keeping pace with demand.”
Unless the conflict escalates to a full closure of the Strait of Hormuz, prices are expected to ease only after the autumn travel season winds down, Hansen said.