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CNA Explains: Will Petrol Prices Go Down if the Iran War Ends?

Attacks near the Strait of Hormuz have halted tanker traffic, causing the largest oil price surge since the 1970s, with prices nearing $120 a barrel.

Motorists should brace for continued volatility in pump prices even if a ceasefire is declared, analysts warn.

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  • 50% of the sources lean Left, 50% of the sources are Center
50% Center

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SBS News broke the news in Sydney, Australia on Tuesday, March 10, 2026.
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