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“Prices could double”: how the fuel crisis will hit your hip pocket
Mar 16, 2026
· 16m
<p>The war in the Middle East has sent Australia’s fuel prices soaring.</p> <p>And people are worried that if the battle between the US-Israel and Iran continues for another month – Australia may have to begin rationing fuel.</p> <p>Already, drivers are panic buying, stockpiling and some country petrol stations are running dry.</p> <p>Global oil supplies are under threat as Iran attacks tankers in the Strait of Hormuz.</p> <p>Today, Tim Buckley, the Director of Climate Energy Finance, and the question: as the …
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