Episode Details

Fuel prices are surging as the 16-cent tax cut ends August 2nd — and no extension is likely. Global tensions, especially with Iran, are driving up wholesale costs, pushing unleaded to $1.85 and diesel to $2.26. With key shipping routes like the Strait of Hormuz still unstable and a new Red Sea risk looming, Australia’s economy — from mining to transport — is bracing for higher costs across the board. The government’s temporary relief won’t fix the root cause: global instability.

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