Fuel prices set to rise sharply in Cyprus as Iran crisis drives oil surcharge

Fuel prices in Cyprus are expected to rise significantly in the coming days, with authorities warning on Thursday that new cargoes arriving on the island will likely push pump prices up as global oil markets react to the escalating US-Israeli conflict with Iran.

Drone and missile attacks across the Persian Gulf, combined with growing navigation concerns in the Strait of Hormuz, have triggered sharp increases in international fuel prices.

The strait carries roughly one fifth...