Iran war triggers energy crisis

Rising fuel costs and supply chain disruptions from the Iran war are beginning to cripple international travel and agriculture.

The International Energy Agency warns that recovering the lost Middle Eastern energy output could take up to two years, even if peace is achieved immediately.

In Australia, the government is scrambling to secure energy supplies following a major refinery fire in Geelong that exacerbated existing shortages.

Meanwhile, developing nations are facing brutal heatwaves as the high cost of fuel makes air conditioning and generators unaffordable for millions.