Oil Market

Cohpetrol warns that escalating military tensions between the United States and Iran, combined with threats to close the Red Sea strait and disruptions at the Strait of Hormuz, could sustain upward pressure on international oil prices and keep Honduras's fuel costs elevated.

A petroleum-industry analyst predicts diesel and gasoline prices in Honduras will drop modestly over the next four to six weeks as global crude stabilizes around $67 a barrel, with diesel potentially falling about 2 lempiras per gallon.