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Explained in plain English

Why are petrol prices up?

When crude oil prices rise, it usually means you'll pay more at the pump. The Strait of Hormuz is a key shipping route for oil, and any disruption there makes oil more expensive globally. This story suggests that political tensions are making it harder for ships to pass through, pushing up the cost of getting oil to refineries and then to your local petrol station.

Stories that explain this

Iran plans to create a new restricted shipping zone in the Gulf Oil prices rise 2% after Donald Trump demands war compensation from Iran

Related explainers

Why are oil prices so volatile? Why is the Gulf so vital? Will my energy bills rise? Will my shopping cost more? Why is the Strait so important? What are trade sanctions? What are war reparations? Why are my petrol prices up?

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