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Poppy Johnston

EXPLAINED: Global energy wobbles power up electrification push | Vintage Vibes

United States Australia Oil Kevin Morrison

Analysts say electric cars could protect motorists from oil price spikes but take-up has been slow. (James Ross/AAP PHOTOS)

Australia's exposure to energy price shocks is back in the spotlight, with even the weekly grocery shop in the firing line if tensions in the Middle East escalate.

A ceasefire agreement has global oil prices simmering back down from highs of $79 a barrel after the US bombed Iranian nuclear facilities but the threat of revived tensions remains.

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