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Tusk blames global oil dynamics on US policy as Brent peaks

Tusk blames global oil dynamics on US policy as Brent peaks

Polish Prime Minister Donald Tusk urged journalists to direct questions about rising fuel prices to US President Donald Trump, saying Warsaw has little influence over global market dynamics while actions in Washington shape commodity price movements.
The comment came amid an escalation in the Middle East and an effective blockade of the Strait of Hormuz. Those developments pushed Brent crude above $100 per barrel on March 9, 2026, and prices peaked at $115 per barrel, triggering a sharp rise in gasoline costs.
Mr. Tusk said he expected Mr. Trump to honor pledges to bring hostilities in the region to a swift conclusion. Nevertheless, output cuts by major producers and logistical disruptions in the Persian Gulf continue to exert upward pressure on petroleum product prices.
Sustained oil prices at around $100 a barrel increase the risk of a global recession, Mr. Tusk warned. Higher energy costs accelerate inflation and force central banks to maintain elevated interest rates. Continued volatility in the Persian Gulf, he said, makes a slowdown in economic activity the baseline scenario.

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