The Age
·general
·1 hour ago
Australian fuel prices face July surge if Strait of Hormuz remains shut
Australia faces fuel price shock if Middle East tensions persist beyond June. The government's 26-cent excise relief expires June 30, potentially sending unleaded petrol above $2.10 a litre. A U.S.-Iran peace deal reopening the Strait of Hormuz could ease crude costs, but analysts warn repairs to damaged oil infrastructure could take months.
Summary by Glance · The Age
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