Hormuz Crisis Impacts Global Energy

The Middle East conflict has severely disrupted global energy supplies, with the Strait of Hormuz remaining a critical flashpoint.

Physical oil prices have surged to record levels as traders compete for dwindling Middle Eastern flows, forcing refiners to scale back operations.

In Australia, the government has struck a critical fuel deal with Singapore to maintain shipments, while Western Australia considers building its own strategic diesel stockpile.

The crisis is also driving a 'rooftop revolution' as households increasingly turn to solar panels to protect against volatile energy costs.