Sailing from the Strait of Hormuz will not make gas cheaper again | CNN Business

A gas station in Manhattan New York on March 31, 2026.

New York – The world economy is being held back by the actual closure of the Strait of Hormuz. The prices of petrol, jet fuel and diesel have gone up. Stock markets have fallen, and the possibility of a recession has increased. After weeks of trying and failing to reopen the critical waterway off Iran’s … Read more

Australians may not see cheaper fuel for weeks despite the Labor tax cuts

Fuel prices will be halved in three months, reducing costs by 26 cents a liter - video

Australians hoping for relief from fuel price cuts in time for Easter travel are set to be disappointed, with the industry predicting the effects of Labour’s temporary tax cuts will take days or weeks to reach some people around the country. The halving of fuel duty, which starts on Wednesday until the end of June, … Read more