EconomyAustralian fuel prices set to rise by 30c as global markets react to ‘deadly cocktail’

Australian petrol and diesel prices could rise by 20 to 30 cents a litre in coming weeks after the escalating Middle East conflict pushed Brent crude above $108 a barrel. Investors sold stocks and bonds amid concerns over high energy costs, Donald Trump’s proposed $5,000 dividend and the prospect of further US and Australian interest-rate rises.

Australian fuel pricesoil pricesMiddle East conflictinterest rates

TThe Guardian★★★★☆2026-09-11 06:00Original