Peru

Peru is moderately vulnerable to the ongoing crisis, with a 40% oil import dependency despite having domestic production that is insufficient for its needs. Gasoline prices have risen to $1.22/L, and fuel reserves stand at 75 days, offering some buffer but requiring careful management. Food security is a moderate concern, exacerbated by a 42% increase in fertilizer costs. With no direct exposure to the Strait of Hormuz, Peru's immediate challenge lies in managing higher import costs and maintaining domestic supply stability in the coming weeks.