Can Australia avoid the worst of the oil shock?
Business editor Jonathan Barrett and political editor Tom McIlroy join Reged Ahmad to discuss the scale of the economic pain to come and whether the government will recognise this moment as an opportunity for bold reform
March 24, 202620m 42s
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Show Notes
Australia is facing skyrocketing oil prices and demand, as supply is blocked at the strait of Hormuz amid the US and Israel’s war on Iran. With only 30 days of supply onshore, the International Energy Agency says this crunch is worse than the fuel crisis Australia faced in 1979. Business editor Jonathan Barrett and political editor Tom McIlroy join Reged Ahmad to discuss the scale of the economic pain to come, and whether the government will use this moment as an opportunity for bold reform
Topics
Petrol pricesOilBusinessUS-Israel war on Iran