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    "headline": "Ecuador Fuel Prices Set to Drop in September Despite Global Oil Rally",
    "dek": "Ecuador's government will lower Extra, Ecopaís, and diesel prices by 12 September 2026 despite rising international oil costs.",
    "prose": "Ecuador's fuel prices for Extra, Ecopaís, and diesel will change on September 12, 2026, and remain in effect until October 11, 2026. [^1]\n\nWTI crude oil prices rose 5.2% to $90.22 per barrel following new US military attacks on Iran. [^2]\n\nRising international oil prices and concerns over prolonged inflation have triggered a simultaneous surge in government bond yields across major global economies. [^3]\n\nPeru accused Iran of inciting the escalation of conflicts in the Middle East and imposing severe restrictions that hinder maritime transit in the Strait of Hormuz. [^4]\n\nThe Peruvian Foreign Ministry announced on Tuesday that Peru has severed diplomatic relations with the Islamic Republic of Iran. [^5]\n\nTexas intermediate crude oil (WTI) closed at 91.01 dollars per barrel on Wednesday, a 0.88% increase from the previous session. [^6]\n\nChris Wright, US Energy Secretary, stated on Wednesday that more than 17 million barrels of oil crossed the Strait of Hormuz on Monday. [^7]\n\nBrent crude oil prices stood at $95.33 per barrel, down 0.31%, while WTI traded at $90.88 per barrel, down 0.14%, around 7:30 am IST on Thursday. [^8]\n\nExtra and Ecopaís gasoline prices, both 85 octane, will drop from USD 3.26 to USD 3.24 per gallon. [^9]\n\nInternational oil prices surged since March 2026 due to the war between Iran, the United States, and Israel. [^10]\n\nThe government anticipates a new price reduction for September similar to the one in August, where prices dropped by USD 0.02 per gallon. [^11]\n\nIncidents in the Strait of Hormuz generated a rebound in international crude oil prices starting July 7, with an average price of $78.8 per barrel. [^12]",
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