Business
Fuel Prices and Economic Concerns
The International Monetary Fund (IMF) warns of potential global oil price increases, which could lead to a 30 cent per litre rise in Australian fuel prices. This scenario highlights economic concerns amid geopolitical tensions.
Coverage timeline — 3 articles
The Hill
National Economic Council Director Kevin Hassett on Sunday expressed concern about continued high fuel prices amid the ongoing conflict with Iran. “Now, prices are still higher than we would like, but we've taken a lot of steps so that when the Gulf situation is resolved, then we can expect prices t
2026-08-09 14:44 UTC
Al Jazeera
The Tigray conflict puts the UAE’s backing of Ethiopia and Saudi Arabia’s diplomatic role under scrutiny.
2026-10-13 01:46 UTC
The Guardian
IMF’s World Economic Outlook shows how a worsening Middle East crisis could affect global growth and inflation An International Monetary Fund scenario where global oil prices jump to $US130 a barrel over coming months could push Australian petrol prices up by another 30 cents and pile pres
2026-10-13 02:00 UTC