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NEWRYBAR, AUSTRALIA - MARCH 23: A fuel station in the village of Newrybar displays prices outside for unleaded fuel and diesel fuel on March 23, 2026 in Newrybar, Australia. The Australian government has already released supplies from its emergency stockpile and temporarily lowered fuel standards, so onshore refineries can redirect supplies into the local market. It has also appointed a government coordinator to oversee supply chains whilst the Australian Competition and Consumer Commission (ACCC) investigates price-gouging by fuel suppliers in rural and regional areas. The jump in global oil prices follows continuing military strikes in Iran that have driven oil above 110 US dollars a barrel and created fears of wider supply issues throughout the world. (Photo by James D. Morgan/Getty Images)

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