“Prices could double”: how the fuel crisis will hit your hip pocket
Mar 17, 2026 •
The war in the Middle East has sent Australia’s fuel prices soaring.
And people are worried that if the battle between the US-Israel and Iran continues for another month – Australia may have to begin rationing fuel.
Already, drivers are panic buying, stockpiling and some country petrol stations are running dry.
Global oil supplies are under threat as Iran attacks tankers in the Strait of Hormuz.
Today, Tim Buckley, the Director of Climate Energy Finance, and the question: as the oil shock hits home, how high could the price at the pump really go?
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
“Prices could double”: how the fuel crisis will hit your hip pocket
1851 • Mar 17, 2026
“Prices could double”: how the fuel crisis will hit your hip pocket
The war in the Middle East has sent Australia’s fuel prices soaring.
And people are worried that if the battle between the US-Israel and Iran continues for another month – Australia may have to begin rationing fuel.
Already, drivers are panic buying, stockpiling and some country petrol stations are running dry.
Global oil supplies are under threat as Iran attacks tankers in the Strait of Hormuz.
Today, Tim Buckley, the Director of Climate Energy Finance, and the question: as the oil shock hits home, how high could the price at the pump really go?
If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.
Guest: Tim Buckley, Director of Climate Energy Finance
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7am is a daily show from Solstice Media.
It’s made by Arielle Richards, Atticus Bastow, Chris Dengate, Daniel James, Krystal Keller, Nicole Johnston, Travis Evans and Zoltan Fecso.
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