Fuel prices surpass tariffs, becoming a major burden on the global seafood industry

Fuel prices are surpassing U.S. tariffs, becoming the main driver behind rising global seafood prices—from Argentine red shrimp to Pacific tuna and Maine oysters.In the United States, average diesel prices have risen by 40% since the conflict with Iran escalated in late February 2026, exceeding $5 per gallon. Globally, fuel prices have increased by 30–50% due to supply disruptions in the Strait of Hormuz, directly impacting the costs of fishing, aquaculture, transportation, and seafood logistics. The Patagonian Fishing Industry Chamber (CAPIP) warned that Argentina’s shrimp farming sector is “highly vulnerable,” with production costs rising 15–18% due to higher fuel prices, making production planning more difficult.

In the Pacific, expert Francisco Blaha noted that rising bunker fuel prices are reducing the viability of distant-water tuna fleets, forcing them to cut capacity or be more selective in operations, especially as customers remain price-sensitive In Maine, U.S., diesel prices have reached $5.90 per gallon, sharply increasing operating costs for vessels, transport, and equipment. Kelly Punch stated that rising costs will ripple through fish markets, processors, and restaurants, ultimately pushing up seafood and food prices. Experts warn that if fuel instability continues, the global seafood industry could face serious impacts in the coming months.