Oil prices continued their upward trend for the second consecutive day this week due to the ongoing closure of the Strait of Hormuz. The increase in crude oil prices is driving up the cost of refined petroleum products. This situation makes a significant price decrease in domestic fuel prices unlikely during the price adjustment scheduled for tomorrow, August 13th. The closure of this vital shipping lane is disrupting global oil supply. Experts predict limited downward adjustment, if any, at all. Concerns are mounting about the duration of the closure and its impact on global energy markets. Consumers should prepare for potentially stable or slightly higher fuel costs in the coming days.