Asphalt prices surge globally after Iran crisis, threatening road repairs (xataka.com)

• Spain's asphalt price rose 49.3% in April 2026
• Triggered by oil price spike after US-Israeli bombings on Iran
• Road repair contracts in Spain, US, UK at risk
• Bitumen shortage drives up costs

"Asphalt prices have spiked dramatically due to the US-Israeli bombing of Iran and the resulting oil supply crisis. In Spain, asphalt prices rose 49.3% in April alone, endangering road repair contracts. The cost of bitumen, a key component, is closely tied to oil prices."