
Don’t Blame Ukraine for High Gas Prices
Australia is energy-import dependent (especially fuel and LNG), and the article reports sustained crude prices >$100/barrel and $4.29 US gasoline amid Trump-Iran escalation. This signals erosion of Australian fuel-reserve adequacy and cost pressures on defence operations, transport, and grid stability—core vulnerabilities in Resource Sovereignty and Fiscal Engine. The Middle East geopolitical risk documented here directly threatens Australia's ability to sustain supply chains and maintain operational tempo if Hormuz becomes contested.
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