Australian fuel prices face July surge if Strait of Hormuz remains shut
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Source: The Age
Published: 2026-05-25 16:06 UTC+10:00
Section: Business / Consumer affairs
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Transport, Middle East, Military & Defence, Australia, Iran, Energy, Business & Economy, War & Conflict
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Snippet:
Australia faces a race against time to avoid another fuel price shock, as analysts watch to see if the latest breakthrough to end the Iran war can deliver cuts to the cost of oil before the Albanese government’s 26¢ excise relief expires at the end of June.
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