Where will petrol prices go as Strait of Hormuz closes again? | ABC NEWS

Oil market analyst Dr Ian Jeffreys says, while crude oil prices have risen as tensions resume in the Strait of Hormuz, Australia is somewhat buffered by our exposure to Singapore's oil trade.
Meanwhile, the RACQ has accused some local service stations of reinstating the petrol price cycle, with 10 per cent of sites in Brisbane pushing their prices up.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-07-14/asx-markets-business-live-news-july-14-2026/106911966

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia