Vietnam’s fuel prices have continued their downward trend for the fourth consecutive week, driven by anticipated reopening of the Strait of Hormuz. This latest reduction brings the price of E10 gasoline down to approximately 20,000 Vietnamese Dong per liter. Diesel prices have also fallen, now costing around 23,000 Vietnamese Dong per liter. The global oil market is reacting to increasing optimism regarding the imminent resumption of traffic through the crucial Hormuz Strait. This positive outlook is directly influencing domestic fuel costs within Vietnam. The continued price decreases offer some economic relief to consumers and businesses reliant on fuel. Experts suggest the trend may continue as long as the Hormuz Strait situation improves.