Fuelcast: Petrol-diplomacy

Fuelcast: Petrol-diplomacy

From ABC Business Daily by ABC Australia

May 4, 2026 · 8 min

About this episode

The episode discusses the implications of Donald Trump's 'Project Freedom' and the ongoing energy crisis affecting petrol prices in Australia.

Donald Trump says “Project Freedom” will aim to help guide stranded ships through the Strait of Hormuz - but with little detail and no clear response yet from Iran, the big question is whether it changes anything. With Brent crude still above US$100 a barrel and diesel creeping higher, should Australians brace for higher prices at the bowser? And with Japanese Prime Minister Sanae Takaichi landing in Australia, "petrol-diplomacy" is under way. Carrington Clarke and Alan Kohler help you keep on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily. Got a burning brent crude question? Send an email to Carrington and the team abcbusinessdaily@abc.net.au

People in this episode

Host: Carrington Clarke

Guest: Alan Kohler

Topics covered

  • petrol-diplomacy
  • energy crisis
  • oil prices
  • international relations
  • shipping
  • Australia-Japan relations

Keywords

  • petrol-diplomacy
  • Brent crude
  • diesel prices
  • energy crisis
  • international shipping
  • Australia
  • Iran
  • Japan

Mentioned in this episode

Organizations: Donald Trump, Japan, Australia, Iran, Project Freedom

Products: Brent crude, diesel

Places: Strait of Hormuz

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