---
title: "Analysis-rising fuel prices test Milei's free‑market gamble as South America feels oil shock"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281555375.md"
description: "The global rise in fuel prices is challenging South America's ability to cope, particularly impacting Argentina's free-market policies under President Javier Milei. The situation highlights the varying levels of vulnerability among South American countries, with import-reliant Chile also significantly affected by the oil price surge."
datetime: "2026-04-02T16:31:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281555375.md)
  - [en](https://longbridge.com/en/news/281555375.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281555375.md)
---

# Analysis-rising fuel prices test Milei's free‑market gamble as South America feels oil shock

By Lucinda Elliott and Eliana Raszewski MONTEVIDEO/BUENOS AIRES, April 2 (Reuters) - The global surge in fuel prices is exposing how unevenly South America is positioned to absorb the shock, with Argentina’s radical free‑market experiment under President Javier Milei facing particular pressure. Among Argentina's neighbors, import‑dependent Chile has been among the hardest hit by fallout from

### Related Stocks

- [ECH.US](https://longbridge.com/en/quote/ECH.US.md)
- [ARGT.US](https://longbridge.com/en/quote/ARGT.US.md)

## Related News & Research

- [EMERGING MARKETS-LatAm assets broadly buoyed by weaker dollar but Iran tensions linger](https://longbridge.com/en/news/284794914.md)
- [Exxon stock rises. Why earnings should reassure investors.](https://longbridge.com/en/news/284890352.md)
- [The Rally That Won’t Let You In](https://longbridge.com/en/news/284259285.md)
- [The Repo Market Is More Fragile Than It Looks](https://longbridge.com/en/news/283849335.md)
- [Not clear if the US blockade on Iran is porous by design: Oil brokerage](https://longbridge.com/en/news/284163830.md)