Black market in the red: How the Iran war is rippling through Melbourne’s underworld
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Source: The Age
Published: 2026-04-05 05:00 UTC+10:00
Section: National
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Australia, Iran, Economy & Finance, Financial Markets, Business & Economy, War & Conflict
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Snippet:
Black market cigarette prices have soared up to 50 per cent as the closure of the Strait of Hormuz, a series of major seizures and worsening violence in the nationwide tobacco war squeezes local supplies and leads to price gouging.
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