The government's thanked people for not stockpiling fuel after recent price hikes.
In a statement, it says it's in regular contact with suppliers, and there is no issue with fuel supplies to the Island.
It adds the Economic and National Strategy Board is meeting weekly to keep an eye on the situation as the war in the Middle East continues.
Treasury Minister Chris Thomas is due to make a statement in Tynwald this month outlining the government's economic response.
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