Iran's Revolutionary Guards said on Tuesday they would not allow "one litre of oil" to be shipped from the Middle East if US and Israeli attacks continue.
CNA Explains: Will petrol prices go down if the Iran war ends?
Motorists should brace for continued volatility in pump prices even if a ceasefire is declared, analysts warn.
Markets bet Trump will end Iran war soon despite both sides' threats
The war has already effectively shut the Strait of Hormuz, which has left tankers unable to sail for more than a week and has forced oil producers to halt pumping as storage facilities fill.
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