Wednesday, 4th March 2026

Vučić: Serbia Will Not Allow Oil Prices To Spiral Due To Iran Conflict

President announces potential measures to protect domestic market

Serbian President Aleksandar Vučić stated that Serbia must not allow fuel prices to surge as a consequence of escalating tensions involving Iran, warning that global instability could put additional pressure on energy markets.

He said the government is closely monitoring developments and is prepared to introduce measures to prevent excessive increases in oil and fuel prices on the domestic market.

The aim, he stressed, is to safeguard citizens and businesses from external shocks that could affect living costs and economic stability.

Vučić emphasized that maintaining energy price stability remains a priority, particularly in times of geopolitical uncertainty that often trigger volatility in global oil markets.

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