NewNow you can listen to Fox News articles!
Vietnam’s trade ministry is urging businesses to encourage employees to work from home to curb fuel consumption as the country grapples with supply disruptions and a sharp rise in prices due to the US-Israel war involving Iran.
In a statement on Tuesday, the government said Vietnam had been one of the countries hardest hit by the turmoil due to its heavy reliance on energy imports from the Middle East. Citing a report by the Ministry of Industry and Trade, it called on companies to “encourage working from home whenever possible to reduce the need for travel and transportation.”
Fuel prices have risen since the end of last month, with gasoline rising 32%, diesel 56% and kerosene 80%, according to data from Petrolimex, the country’s top fuel trader. Long queues of cars and motorcycles were seen at petrol pumps in Hanoi on Tuesday.
The ministry also urged businesses and individuals not to hoard or speculate in fuel.
People stand in line to buy petrol at a petrol station after Vietnam’s trade ministry called on local businesses to encourage their employees to work from home to save fuel amid supply disruptions and rising prices due to the US-Israeli conflict with Iran in Hanoi, Vietnam, on March 10, 2026. (Reuters/Khan Vu)
Gas prices may rise as tensions in the Middle East threaten global oil supplies
Prime Minister Pham Minh Chinh held talks with the leaders of Kuwait, Qatar and the United Arab Emirates on Monday to secure additional fuel and crude supplies. The government has also removed import duty on fuel till the end of April to ease pressure on the market.
President Donald Trump’s attacks on Iran have sent crude markets into turmoil, with U.S. prices rising to $120 a barrel over the weekend and falling to just over $80 on Monday night as Trump spoke about a Republican retreat in Florida.
Prices have stabilized after Trump assured investors that the Strait of Hormuz would remain safe for oil tankers in the Middle East, a notorious chokepoint for the largely demoralized Iranian regime.
President Donald Trump addressed reporters aboard Air Force One last week and Secretary of War Pete Hegseth was in attendance. (Saul Loeb/AFP via Getty Images)
Trump is rearranging world energy markets, and Iran’s attacks are actually helping it
The situation in the region remains delicate as Iran announced Mojtaba Khamenei as the next supreme leader, a decision Trump told Fox News he was “not happy with.”
“I don’t believe he can live in peace,” Trump said from Air Force One.
Iran’s Revolutionary Guard said on Tuesday it would not let any oil out of the Middle East until US and Israeli attacks stopped, a threat that followed Trump threatening to hit Iran “20 times harder” if it halted exports.
US signals preparation to escort tankers through Hormuz due to reduced traffic, but no mission launched
Attacks on the Iranian leadership, the IRGC, and Iranian naval vessels and oil infrastructure have roiled the markets. (Sasan/Middle East Images/AFP via Getty Images)
Despite abusive rhetoric from both sides, investors placed strong bets Tuesday that Trump will soon end his war before unprecedented disruptions to energy supplies lead to a global economic recession.
“I’m hearing they want to talk badly,” Trump said, as the War Department claimed 50 Iranian naval vessels have been sunk and Trump is suggesting the war objections are weeks ahead of schedule, if not nearly “complete.”
Click here to download Fox News App
“It’s possible,” Trump said of a new Iranian leadership consisting of descendants of dead leaders, but added “depending on what conditions, possible, only possible.”
“You know, we don’t need to speak anymore, you know, if you really think about it, but it’s possible,” he said.
Trey Yingst of Fox News and Reuters contributed to this report.
