Argentina suspends fuel tax hike as Brent surges on Middle East tensions

Argentina's government issued Decree 1126/2026 suspending the fuel tax adjustment scheduled for October 1, halting an additional increase at the pumps. The move comes amid a Brent crude surge driven by Middle East tensions, which would have amplified domestic fuel price pressures. The suspension signals a policy shift to cushion consumers, but may strain fiscal targets and complicate energy subsidy phase-out.