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Story summary
- Motorists in Australia are advised to refuel as oil prices may rise amid Middle East tensions.
- The U.S. and Israeli strikes on Iran have raised fears of disruption to oil flow through the Strait of Hormuz.
- Over 150 tankers are anchored outside the Strait of Hormuz, and many shipping firms halted operations.
- The U.S. Navy has increased its presence and cited congestion; insurance costs are rising amid hostilities.
