The rise in international oil prices amid tensions from the Iran war could generate extraordinary revenues for Mexico, but also inflationary pressures and challenges for public finances, warned Óscar Ocampo, Director of Economic Development at the Mexican Institute for Competitiveness (IMCO).
For emerging economies like Mexico's, the balance is negative. He explained that the increase in oil prices due to tensions in the Middle East is already directly impacting consumers in the United States.
"The reality is that it is a negative scenario for Mexico and for any economy in similar conditions," he stated.
Furthermore, during periods of global uncertainty, investors tend to take refuge in safe-haven assets, such as U.S. Treasury bonds or precious metals, rather than betting on emerging markets.
Journalist Jesús Esquivel pointed out that one of the immediate effects of the conflict is reflected in the U.S. energy market, particularly in fuel prices. He recalled that the president had previously assured that fuel in the country "was going to be the cheapest in the entire history of the United States."
In this sense, Esquivel noted that the rise in gasoline prices raises questions about the political and economic calculations made by the U.S. administration in the face of a war with global repercussions for energy markets.
