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The Pescadero Perspective
news El Financiero 2026-06-24

Hormuz Strait crisis strengthens Pemex's dominance in Mexico's fuel market.

The energy crisis stemming from the Hormuz Strait conflict has weakened private fuel importers in Mexico, bolstering state-owned Pemex's market share. Experts predict this trend will continue due to increased logistical costs and volatile international prices, making it difficult for private entities to regain competitiveness.

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