Oil prices will not be allowed to rise uncontrollably.

This was stated by Serbian President Aleksandar Vučić.

He said that fuel prices cannot be allowed to rise uncontrollably due to tensions in Iran, so measures will be taken regarding the situation:

"My approach is that we will define the subsidy mechanisms within the next month, because we cannot allow prices to increase uncontrollably. Gas prices have increased, there is no more gas, Qatar has turned off the tap."

The Serbian president said the current tensions could have a serious impact on oil and gas prices. He added that he would discuss the issue with the finance and energy ministers:

"We are entering a very complicated phase. If this continues, it will be literally hell for everyone in Europe. If the Strait of Hormuz is not opened, oil prices will destroy us all."

Vučić finally emphasized that fortunately, Serbia has large fuel reserves.