Australia newsDonald TrumpInflationInterest ratesOilPetrol pricesStrait of HormuzTrump administrationUS-Israel war on Iran

Diesel prices across Australia could surge beyond $3 a litre as Trump eyes cut to US fuel exports

OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Australia news category. Published on September 24, 2026 • Originally reported by Luca Ittimani. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Fuel costs have risen to levels not seen since early April, adding to risk of inflation and interest rate hike

Australian diesel prices could surge above $3 a litre if Donald Trump cuts off US diesel exports amid floundering negotiations with Iran.

Fuel costs have risen to levels not seen since early April, adding to inflation risks and making another hike in interest rates all but certain.

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