Fuel prices jump across Australia as Middle East crisis disrupts oil supply

UPDATE - follow-up to Coalition vows to cut $15 off tank of petrol when global prices spike: Higher fuel prices are hitting drivers across Australia following the ongoing crisis in the Middle East. The disruption centers around turmoil in the Strait of Hormuz, which has pushed global oil prices up. Authorities confirm that Australia's national oil reserves remain secure despite the international supply pressures. Meanwhile, the Coalition has promised to cut fifteen dollars off a tank of petrol when global prices spike, pitching the move as a fuel shield to spare drivers from the worst of the price shocks. In other political developments, Taylor has promised a fuel excise cut, while Chalmers has backed the current migration target.