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Politics

Tess Ikonomou

YOU WONT BELIEVE: Motorists warned to buckle up for higher fuel prices - You Need To See This

Peter Khoury Oil Australia United States

Motorists are bracing for more hip-pocket pain at the petrol bowser as oil prices skyrocket again. (Joanna Kordina/AAP PHOTOS)

Australians are being warned sky-high fuel prices are here to stay as conflict in the Middle East reaches dangerous levels of escalation.

With the US-led war on Iran showing no sign of ending and oil tankers being sunk in the Strait of Hormuz by both sides, global oil prices have surged above $US100 a barrel.

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