Drivers’ Fuel Spend Finally Drops as Oil Channel Shuts

A woman fills her tank at a service station in Western Australia on March 31, 2026. Susan Mortimer/The Epoch Times

Australians have slashed their fuel spending for the first time since the start of the Iran war as leaders call for a return to normal oil shipments through the Strait of Hormuz.

Tehran has backflipped on a promise to open the key oil-trading waterway, firing on ships attempting to traverse the strait.