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Falling Oil Prices Could Lower Fuel Costs In Cyprus

Emerging Trends In International Oil Markets

Fuel prices in Cyprus are expected to decline within the next 10 to 15 days following a recent drop in international oil prices, according to industry representatives. Savvas Prokopiou said global oil prices have fallen by approximately $10 to $15 in recent weeks, with domestic fuel price adjustments typically appearing after a short delay.

Analysis Of Current Price Movements

Recent movements in the Cypriot fuel market have remained mixed, with gasoline prices recording slight increases despite modest declines in crude oil markets. Prokopiou said fluctuations in international energy markets do not immediately affect local fuel prices, as pricing adjustments generally require between 10 and 15 days to filter through supply chains and distribution systems. According to the Petrol Station Owners’ Association, recent international declines are expected to gradually reduce prices at fuel stations across Cyprus.

Market Dynamics And Future Outlook

Despite expectations of lower prices, market conditions remain volatile amid continuing uncertainty in global energy markets. Prokopiou said daily shifts in geopolitical developments and oil market sentiment continue affecting pricing expectations and broader market stability. Ongoing fluctuations in international oil markets have created uncertainty for both fuel suppliers and consumers, particularly as regional tensions continue influencing energy trading activity.

Outlook For The Cypriot Consumer

Industry representatives said historical pricing patterns suggest fuel costs in Cyprus are likely to ease in the short term if current international trends continue. However, continued instability in global oil markets could still affect the pace and scale of future price adjustments.

Passkeys Are The Gold Standard For Account Security. So Why Don’t More Major Apps Offer Them?

Passkeys are increasingly being promoted as one of the most effective ways to protect online accounts. By reducing reliance on passwords, they help prevent phishing attacks, simplify sign-ins and strengthen account security. Despite those advantages, however, many major digital platforms have yet to adopt the technology.

A Security Upgrade Still Missing At Scale

That gap is the focus of whynopasskeys.com, a new site created by security researcher Scott Helme to highlight companies that have not yet enabled passkeys for their users. The site tracks major consumer brands that continue to rely on older login methods even as passkeys become the industry standard.

Among the services still without passkey support are Instagram, Netflix and Spotify, according to the site’s data.

Why Passkeys Matter

Unlike traditional passwords, passkeys are generated on a user’s device and linked both to that device and to a specific website or application. Authentication can be completed through biometrics such as Face ID or Touch ID, a hardware security key or a password manager.

Because users do not need to create or remember passwords, opportunities for credential theft, phishing attacks and password reuse are significantly reduced. In most cases, gaining access to an account would require direct access to the user’s device.

Public Accountability As A Pressure Tactic

In a blog post explaining the project, Helme said the goal is to create pressure by making the absence of passkey support visible. “A list is a surprisingly effective motivator. Nobody wants to be on the list,” he wrote.

That approach has already worked elsewhere in cybersecurity: when businesses are publicly compared against peers on basic protections, they often move faster to close the gap. In this case, the list is intended to push platforms to give users a stronger and simpler login option.

The Companies Moving Faster

Many large technology companies have already adopted passkeys, including Apple, Google and Microsoft, reflecting the technology’s growing role in account security.

Implementation, however, remains uneven. Instagram users can currently access passkeys only when their account is linked to a Facebook account that already has passkey support enabled, highlighting differences in adoption even within the same company.

The Bigger Business Question

Meta has not publicly explained why passkeys are available on some of its platforms, including Facebook and WhatsApp, but not fully across Instagram.

Debate within the industry is no longer centred on whether passkeys work, but on how quickly companies are willing to deploy them. As phishing, credential theft and account fraud remain persistent cybersecurity challenges, passkeys are increasingly being viewed not as an optional feature but as an emerging security standard.

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