The official logic was to prevent the war from directly hitting the Argentine consumer at the worst possible moment, but the same scheme also makes it clear that an eventual drop in international prices will not necessarily be reflected with the same speed in the domestic market. This point is not minor. In recent hours, Marín defended the strategy again, stating that the oil company applied a sort of 'insurance' to get through the emergency without destroying consumption. On one hand, a sustained drop in Brent should ease pressure on fuels and local inflation, just as energy costs were becoming a sensitive threat to household budgets. Therefore, the collapse in oil prices opens an opportunity to ease inflationary expectations and deactivate pressure on costs, but it should not be read as an immediate drop at the pump. Thus, the truce between Washington and the Tehran regime brought oxygen to the markets and avoided, at least for now, another uncontrolled jump in energy prices. The one-month contract on the Dutch TTF market, a benchmark for the continent, fell by nearly 20%, reflecting that the truce was also seen as a pause in the threat to regional energy flows. In other words: the price drop reflects immediate financial relief, but does not guarantee that the market has moved out of danger. The market's message was clear: for now, peace is worth more than any speculative bet. However, behind the collapse in prices, a delicate situation persists. It was not a marginal drop or a simple profit-taking: it was a signal of global relief from the risk of the war continuing to strangle the energy supply. The impact was not limited to oil. On the other hand, the pass-through to the pump will not be automatic. Even with the announced understanding, the shipping industry and refiners are still waiting for firmer signals to move normally in the region. At the beginning of April, YPF and then the rest of the oil companies decided to keep prices stable for 45 days, a decision presented by Horacio Marín as a buffer against international volatility. The announcement of a two-week truce between the United States and Iran, pushed in recent hours by Donald Trump with the mediation of Pakistan, caused an immediate turn in energy markets and opened a window of relief for a world economy that had been operating on the brink of another oil shock. But it also left a background warning: the system is still tied to a fragile peace, a strategic corridor that can close again, and an international policy where every announcement changes the value of the barrel in minutes. Brent crude, the central benchmark for fuel prices in Argentina, moved in the range of $91 to $95 per barrel, while WTI also fell sharply and again fell below the three-digit mark. In this scenario, Argentina gains some time, although not a definitive solution yet. The barrel, which during the military escalation had again raised the fear of sustained three-digit prices, turned abruptly as the understanding was announced and broke the $100 threshold, in a sign of strong financial decompression, although still far from full normalization. The reaction was as fast as it was forceful. The truce is temporary, negotiations are still open, and in the physical hydrocarbon circuit there are still delays, altered contracts, and a logistics chain that does not recover overnight. Stock markets accompanied this movement with general gains and a classic investor realignment: energy prices fell, tension on inflation eased, and appetite for shares linked to consumption, transportation, and industrial activity reappeared. The previous damage to infrastructure, maritime routes, and available supply will continue to weigh for weeks and possibly months. For Argentina, the data has a double reading. Operators had been discounting a scenario of maximum tension in the Strait of Hormuz, through which a decisive portion of the world's oil passes, and the mere confirmation of a safe reopening of the corridor changed the market's mood in minutes. In political and business terms, the signal is transparent: if the barrel stabilizes downward, companies will first seek to recompose margins before rushing to validate a local drop. The gas in Europe also showed a sharp correction.
