EPISODE · Mar 5, 2026 · 7 MIN
Why petrol prices are rising in Australia amid Iran conflict despite ‘good stock in reserves’
from SBS Hindi
Oil prices across the globe have surged to multi-year highs, as the war in Iran expands into a broader regional conflict. A prolonged war risks disrupting energy supply chains, particularly as key shipping routes through the Strait of Hormuz are effectively closed. Analysts say impacts are already being felt - and that has implications for the global economic outlook and inflation.
What this episode covers
Oil prices across the globe have surged to multi-year highs, as the war in Iran expands into a broader regional conflict. A prolonged war risks disrupting energy supply chains, particularly as key shipping routes through the Strait of Hormuz are effectively closed. Analysts say impacts are already being felt - and that has implications for the global economic outlook and inflation.
NOW PLAYING
Why petrol prices are rising in Australia amid Iran conflict despite ‘good stock in reserves’
No transcript for this episode yet
Similar Episodes
Jul 7, 2026 ·10m
Jul 7, 2026 ·33m
Jul 7, 2026 ·6m