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World Business Report

What the US-Iran ceasefire means for oil prices, flights and bills

9 min8 april 2026

The US and Iran have come to a temporary ceasefire, but for many businesses and consumers, the pressure may be far from over.

Hundreds of ships are still backed up in the Strait of Hormuz, with many waiting for clearance from Iran before they can move.

Plus, what it means for flights, holidays and passenger confidence as airlines proceed cautiously.

Presenter: Leanna Byrne Producer: Matt Lines Editor: Justin Bones

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