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“Releasing diesel reserves could be a “short-term buffer” against soaring prices, but it risks limiting protection against future shocks, experts have said as the Government insisted Britain is not facing a shortage.”

“Australian fuel companies are warning global supply buffers that have shielded motorists from the full impact of the Iran war are rapidly depleting, raising the risk of steeper price rises at service stations if international inventories continue to tighten.”

“- See more Daily Mail on Google - save us as a Preferred Source Fuel prices continue to surge around Australia despite no shortage of supply, and truck drivers are now raising the alarm that they're losing money on long-haul drives.”

“The historic oil shortage set off by the Iran war is expected to drive up heating bills at a pace more than twice the level of overall inflation, squeezing households as they weather elevated prices for a range of other essentials, some analysts told ABC News.”