Fuel and supply chain shocks likely amid Red Sea conflict: energy analyst | ABC NEWS
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Escalation in a crucial Red Sea shipping lane has reignited fears of a global oil shortage as the per-barrel price approaches $US110. Energy analyst Saul Kavonic warns prices are likely to keep rising as Iran and its proxies choke major oil checkpoints, which he says would have flow-on effects for the rest of the economy. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-09-15/oil-could-surge-to-150-dollars-middle-east-war-intensifies/107155830 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #abcnewschannel
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