Taiwan faces rising prices as Iran war drives up costs: CRIFStaff writer, with CNATaiwan faces rising risks to consumer prices and energy supply as the US-Iran war enters its fourth week, with pressure building on supply chains and household costs, credit information agency CRIF Taiwan (中華徵信所) said yesterday. Continued conflict could affect energy supply stability, oil prices, consumer prices and exchange rate movements in Taiwan, CRIF said. The CPC Corp, Taiwan logo is pictured behind a sign displaying fuel prices at a gas station in Taipei on Friday last week. Photo: CNACRIF noted that companies face compounded pressure when oil prices rise and the New Taiwan dollar weakens because crude oil and natural gas imports are priced in US dollars. The agency said oil prices rising from US$80 to US$120 per barrel, combined with depreciation of the NT dollar from NT$31 to NT$32.5 per US dollar, would subject companies to simultaneous oil price and currency losses.

Source: Taipei Times March 24, 2026 17:14 UTC