SMH
·general
·2 hours ago
Australia’s oil price hits three-month low on US-Iran peace hopes
Australia’s oil prices fell to a three-month low of $US84 a barrel amid hopes for a US-Iran peace deal. The decline follows a 12 percent drop in Tapis crude prices, potentially leading to cuts at service stations. Experts predict this trend could help offset the federal government's ending of the 32¢-a-litre fuel discount.
Summary by OZbrief · SMH
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