Published Aug 7, 2026, 2:51 AM ET · Updated 3 months ago · 1 source

Iran War Takes Heavy Toll on Australia, New Zealand as Oil Soars

bloomberg

Original Report

The war on Iran is hitting nations in Asia hard, with US partners Australia and New Zealand among those racking up billions of dollars in higher fuel import costs after prices spiked with the closure of the Strait of Hormuz.