- Fuel prices will rise in Slovakia next week.
- Donald Trump rejected the Iranian peace proposal and called it unacceptable.
- Slovakia sells fuel without price regulation or tax breaks for drivers.
- Tensions in the Strait of Hormuz threaten global oil supplies and price stability.
Fuel prices in Slovakia should rise next week, US President Donald Trump rejected the Iranian peace proposal. This was stated by Ondrej Greguš, XTB financial markets analyst.
“We expect fuel prices to rise next week. The price of Brent oil has risen from last week’s lows below $100/barrel to the current near $106/barrel. Indeed, Trump rejected the Iranian peace proposal and called it unacceptable, which made the prospects for the early opening of the Strait of Hormuz distant again.” he specified.
He emphasized that the supply of fuel to Slovakia is stabilized. Slovnaft is fully operational and is supplied with oil through the restored Druzhba and the Adria pipeline. From May 8, 2026, Slovakia returned to the standard fuel sales regime after the abolition of double prices and refueling restrictions. According to him, Slovakia is the only V4 country without any form of regulation or tax relief for fuel, which is directly reflected in prices at gas stations.
He underlined that the key event of the week in the world was the rejection of the Iranian peace proposal by Trump, who called the Iranian response totally unacceptable. Iran proposed transferring some of the highly enriched uranium to a third country, but refused to dismantle the nuclear infrastructure. The situation in the Strait of Hormuz remains very tense and the International Energy Agency (IEA) warns of a serious risk of disruption to global oil supplies. Drone attacks on a cargo ship near Qatar and intercepted drones over the United Arab Emirates and Kuwait signal that the ceasefire remains extremely fragile.
“On Thursday (5/14), President Trump met with Chinese President Xi Jinping in Beijing, where the two leaders also discussed the situation in the Middle East. The outcome of the negotiations remains a key uncertainty for the further development of oil prices, as energy markets react to every diplomatic signal.” added the XTB analyst.
