ABC FeedsHow long will it take petrol prices to get back to pre-Iran war levels, if at all?
By Daniel Mercer and Emilia Terzon
Iran's promise to reopen the Strait of Hormuz after striking a temporary agreement with the US saw the cost of oil fall sharply. But how quickly are we likely to see relief at the bowser in Australia? Analysts say it could be weeks or months.
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Oil prices slide on US-Iran ceasefire, but fuel prices will stay high for weeks
Iran's promise to reopen the Strait of Hormuz after striking a temporary agreement with the US saw the cost of oil fall sharply. But how quickly are we likely to see relief at the bowser in Australia? Analysts say it could be weeks or months.