Australia newsBusinessPetrol pricesUS-Israel war on Iran

Australian fuel prices set to rise by 30c as global markets react to ‘deadly cocktail’

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This story was selected and curated by our editorial team in the Australia news category. Published on September 11, 2026 • Originally reported by Patrick Commins Economics editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Global oil price at its highest since May while investors dump stocks and bonds after Donald Trump’s $5,000 ‘dividend’ promise

Fuel prices are on track to climb a further 20 to 30 cents over coming weeks as the escalating Middle East conflict pushed the global oil price to its highest since mid-May.

As investors dumped stocks and bonds in an increasingly febrile environment, Donald Trump’s promise to give every US adult citizen a $US5,000 “dividend” after the November mid-terms added to alarm around the parlous state of the country’s finances.

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