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Middle East conflict drives up global oil prices, causing diesel shortages and price spikes in Australia, threatening farming and food costs.
Rising global oil prices due to Middle East conflict are causing diesel shortages and price spikes in Australia, disrupting farming operations and threatening food prices.
Suppliers are favoring long-term contracts, limiting spot-market fuel access for farmers, especially those using ad-hoc deliveries.
Diesel prices have risen by about 40 cents per litre in some areas, with one farmer paying over $2.00 per litre after a prior $1.70 contract.
The situation, described as a "perfect storm," risks delaying planting, harvesting, and transport, potentially increasing grocery costs.
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El conflicto en Oriente Medio hace subir los precios mundiales del petróleo, causando escasez de diésel y picos de precios en Australia, amenazando los costos agrícolas y alimentarios.