Russia will halt gasoline exports starting April 1 to prioritize domestic supply as global fuel prices spike. The ban targets the nation's producers and comes amid surging demand at home. Rising fuel costs have been exacerbated by geopolitical tensions, including the ongoing conflict involving Iran, which has disrupted energy markets worldwide.

Energy analysts say the export ban reflects Moscow's growing concern over fuel shortages within Russia. Domestic consumption has surged as industries and consumers face higher costs. By restricting exports, the government aims to stabilize local markets and prevent further price increases that could fuel inflation and public discontent.

The move could have ripple effects across global energy markets. Russia is a major gasoline exporter, and the ban may tighten already strained supplies. Countries that rely on Russian fuel may need to seek alternative sources, potentially driving up prices further. The timing of the ban, coinciding with seasonal demand shifts, adds to market uncertainty.