🇵🇹 Daily Portugal news for expats & investors — FREE Subscribe
Sign in Subscribe

fuel

Brent Cracks Below $100 to $99.55 on the Trump-Iran Hormuz De-escalation — Portugal's Energy-Shock Unwind Resets the Pump-Price Trajectory, Galp's Downstream Tail-Wind and the IMF Article IV's Fuel-Excise Recommendation

Brent Cracks Below $100 to $99.55 on the Trump-Iran Hormuz De-escalation — Portugal's Energy-Shock Unwind Resets the Pump-Price Trajectory, Galp's Downstream Tail-Wind and the IMF Article IV's Fuel-Excise Recommendation

Brent July futures cracked below $100 to $99.55 on Thursday, down 12.5% from Tuesday's $113.54 peak, after Trump paused the Hormuz Project Freedom escort initiative. The unwind resets pump-price trajectories and reframes the IMF Article IV fuel-excise recommendation.
The Portugal Brief
Diesel Up 10 Cêntimos and Gasoline 95 Up 6.5 Cêntimos at the Pump From Monday — €1.993/L Gasolina and €2.055/L Gasóleo Simples on a Hormuz-Tracking Brent Tape, Portaria 204-B/2026 Adds 1.5 Cêntimos of ISP Discount on Diesel

Diesel Up 10 Cêntimos and Gasoline 95 Up 6.5 Cêntimos at the Pump From Monday — €1.993/L Gasolina and €2.055/L Gasóleo Simples on a Hormuz-Tracking Brent Tape, Portaria 204-B/2026 Adds 1.5 Cêntimos of ISP Discount on Diesel

Pump prices for 5-10 May lift gasolina 95 to a national average €1.993/L and gasóleo simples to €2.055/L. Portaria 204-B/2026 (effective 4 May) raises the diesel ISP discount to 7.54 cêntimos/L. Brent's $114→$126 Hormuz move is the driver.
The Portugal Brief