El Salvador

El Salvador is highly vulnerable to the ongoing oil crisis, importing all its oil with critical reserves of just 22 days. The current gasoline price of $1.25/L is imposing significant economic hardship on consumers and businesses, compounded by a substantial 58% rise in fertilizer costs that elevates food security risks. Despite its adoption of Bitcoin, this has not provided a buffer against the escalating energy costs. The coming weeks will likely see continued economic strain as global oil prices remain high, with limited immediate relief in sight for the nation's energy budget.