Australian fuel prices set to rise by 30c as global markets react to ‘deadly cocktail’

Global oil price at its highest since May while investors dump stocks and bonds after Donald Trump’s $5,000 ‘dividend’ promise Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Fuel prices are on track to climb a further 20-30 cents per litre over the coming weeks, after the escalating Middle East conflict pushed the global oil price to its highest since mid-May. As investors dumped stocks and bonds in an increasingly febrile environment, Donald Trump’s promise to give every US adult citizen a US$5,000 “dividend” after the November midterms if Republicans win added to alarm around the parlous state of the country’s finances. Continue reading...