Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next? (opens original article in a new tab)

Australian petrol prices have dropped below pre-war levels as supply workarounds and reduced demand offset initial disruptions from the Iran conflict.

• Petrol prices in Australia are now lower than before the Iran war began due to increased fuel supply and reduced demand.
• Refiners found workarounds for disrupted oil supplies, including alternative pipelines, stockpile releases, and increased imports from non-Middle Eastern countries.
• Australia secured more fuel supply than needed, leading to lower prices, though diesel prices remain higher than pre-conflict levels.