Armenian Prime Minister Nikol Pashinyan positively assessed the resolution of the situation in the Middle East and in particular around the Strait of Hormuz, instructing the Competition Protection Authority to monitor the proportional decrease of prices in the domestic market.
At the government meeting on April 18, the head of the executive emphasized the need for accurate monitoring of the market. According to him, as soon as crises appear, the prices of goods immediately increase, but after the stabilization of the situation, businessmen reluctantly return them to the previous level.
In this context, the Prime Minister addressed the Chairman of the Commission for Protection of Competition Gegham Gevorgyaninstructing to analyze the situation and achieve price reduction where there are already objective prerequisites for it.
In the middle of April, against the background of the temporary ceasefire established in the region, the Iranian authorities announced the complete opening of the Strait of Hormuz for commercial ships. Restoring safe navigation through this strategically important waterway, which provides a significant portion of the world’s energy exports, contributes to the stabilization of global supply chains and international economic markets.
At the same time, the United States continues its blockade (which began on the evening of April 13) against ships carrying Iranian cargo, as well as ships entering Iranian territorial waters.
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