Trump's Iran Comments Spark Global Oil Price Surge

US President Donald Trump's latest comments on Iran have sent shockwaves through the global energy market, causing oil prices to surge. The price of Brent Crude has risen above $102 a barrel, with diesel going up by $6 a barrel to $179 a barrel.

NatRoad chief executive Warren Clark warned that Australians should be bracing for higher fuel costs this Christmas, which will impact everything from groceries to presents. He urged the government to remove the 32.4 cents per litre heavy vehicle Road user charge to ease the cost of living.

NRMA spokesperson Peter Khoury expects fuel prices to remain stable over the long weekend but warned that a further increase in crude oil could lead to higher prices at the bowser.