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Business & Finance

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

The Guardian World Friday 11 September 2026, 06:00 UTC By Patrick Commins Economics editor 1 min read
Key Points

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

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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Australian (ORG) Donald Trump (PERSON) Middle East (LOCATION) Donald Trump’s (PERSON) US (LOCATION)
Originally published by The Guardian World Read original →

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