Just lightly googling, Australia gets the great majority of its petrol and diesel from Singapore now. Singapore gets about 80% of its crude supply from the Persian Gulf.
If any conflict develops, it will be unsafe to send tankers in and insurers will probably restrict or refuse cover, which is commonly provided on a per voyage basis.
We could be looking down the barrel of a massive shortage of fuel and very high prices, even stringent rationing
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Iran and Australias fuel supply
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