Alan Kohler

But since then, it's jumped around all over the place.

But the trend has been upwards.

And so the traders who trade oil are trying to keep up with what Donald Trump says on social media or whatever, and that's causing the sort of volatility.

But the trend is definitely upwards.

And then separate to that, there's this premium that has to be paid for Persian Gulf oil, which is needed for diesel and jet fuel in Asia.

And that is hard to get hold of.

But it is also going up.

So I think it's fair to say, as you kind of said at the beginning, the short story is that really we can only expect particularly diesel and jet fuel to continue to rise.

Yeah, well, look, they've got some big refineries, so yeah, we need to get them to look on us favourably.

Look, I think it's been pretty successful, really.

It's certainly worth doing.

So the people that he's talking to, like the Japanese Prime Minister, don't own the refinery.

They can't actually...

guarantee the oil, but what they can, the fuel, but what they can do is the same as what Anthony Albanese is doing, which is to say they won't stop, for some reason, exports of the stuff to Australia.

And we, that is Anthony Albanese, won't stop, for some reason, the export of gas to those countries.

And so really it's a sort of a double negative in a way or a negative, a positive negative.

I don't know how to look at it.

But he's saying that, you know, they're both saying that we won't kind of do anything to stop what's going on and we can, that the suppliers of those exports will be allowed to continue.

Yeah, well, that's the idea.

I mean, look, obviously every country will prioritise domestic when it comes to the crunch.