Petrol prices in Australia could increase by 6-10% due to Middle East tensions affecting the Strait of Hormuz, with potential rises of approximately 30 cents per litre if oil increases by $30 per barrel. The price surge may impact inflation, as petroleum products comprise 12% of Australia's CPI basket, with indirect exposure affecting items like synthetic materials and airline tickets. The government's fuel excise of 51 cents per litre could be reduced as a policy response if elevated oil prices persist.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

Top stories and interviews from Australia's #1 breakfast show

Sunrise

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you the show's latest news, entertainment and human-interest stories.

Petrol prices could surge amid Middle East tensions

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/6a9adfc4-dcea-41ee-94db-b4000152f7ce/transcript

Nearly one in three Australian credit cardholders have never reviewed their card's interest rate, fees or features, resulting in an estimated $1.6 billion in extra charges annually. Australians collectively owe $19.6 billion in credit card debt attracting interest charges, costing $3.4 billion per year at an average rate of 18.5%. Switching to cards with rates under 10% and zero annual fees could save individual cardholders with $5,000 debt almost $500 annually, with 11 providers currently offering cards with no fees.

Australians paying billions in avoidable credit card fees

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/f44d04d1-8a4c-47bb-ba31-b400015aed23/transcript

Iranian missile strikes have hit Dubai and Abu Dhabi airports, forcing major airlines including Qantas, Singapore Airlines and Malaysian Airlines to suspend flights and reroute around the region. The airspace closures could last from one to two weeks depending on whether Iran's military regime changes or continues launching missiles at Gulf airports. Airlines are using alternate routes through Afghanistan-Georgia or via Saudi Arabia-Egypt, adding approximately 15 minutes to flight times, while thousands of travellers remain stranded without travel insurance coverage for war-related disruptions.

Iranian missile strikes close Gulf airports

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/addd2634-7559-43de-9848-b40001527eef/transcript

The United States and Israel have conducted over 2,000 combat sorties against Iranian targets in the first 24 hours of operations, eliminating the Ayatollah and senior Revolutionary Guard leadership while targeting Iran's retaliatory strike capabilities. Iran's national security adviser is now in line to assume interim leadership as Iranian forces threaten retaliation using their remaining ballistic missile and drone capabilities. The conflict poses threats to approximately 40,000 US personnel in the region and Gulf Arab partner nations including Saudi Arabia, United Arab Emirates, Kuwait, Bahrain and Oman.

US-Israeli strikes eliminate Iranian leadership

https://api.omny.fm/orgs/fa326977-3de5-4283-9b8b-af3500c58607/clips/f5ef7e01-140a-4de2-9d4e-b4000152125d/transcript

Petrol prices could surge amid Middle East tensions

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