Australia & Petroleum
21 shared events · Importance 7 · Last updated Apr 27, 2026
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International
Australia: Australia could be impacted by the flow-on effects of disruption to the global fertilizer supply chain due to the blockade.
Petroleum: Petroleum prices have surged above $100 per barrel due to the Iran war and the closure of the Strait of Hormuz, leading to higher costs across multiple sectors.
Apr 08, 2026 · 307 articles
International
Australia: Australia saw increased household spending driven by higher transport costs linked to rising fuel prices, leading its central bank to raise interest rates.
Petroleum: Petroleum prices are projected to surge due to the Middle East conflict and disruptions in the Strait of Hormuz, with forecasts of Brent oil reaching $86 to $125 per barrel, significantly impacting global inflation and economic growth.
Apr 28, 2026 · 23 articles
International
Australia: Australia is among the countries calling for coordinated emergency support from the IMF and World Bank for nations affected by the Middle East war.
Petroleum: Petroleum has surged due to the closure of the Strait of Hormuz, reflecting the severe shock to global energy supplies. Its volatility is directly tied to developments in the conflict.
Apr 11, 2026 · 283 articles
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