Carrington Clark

Welcome to Fuelcast, I'm Carrington Clark and this is your source to stay on top of the numbers behind the ongoing global energy crisis.

It's Monday, June the 15th.

We are recording mid-morning amid a flurry of activity, but let's look at the latest figures.

Since we last checked in, the price of Brent Crude

has now plummeted.

It's sitting below $84 a barrel.

The national average price of unleaded is sitting at $1.71 per litre, and the national average price of diesel has shot up to $2.32 per litre.

Today I'm joined by Alan Kohler to dig into the major energy headlines.

Good morning, Alan.

Good morning, Carrington.

All right, Alan.

A lot has happened this morning.

It does feel like it is momentous, although there's a lot of caveats that we have thought we were close before, although this does seem to have actually resulted in some sort of agreement.

Is it a peace deal?

Is it just a new ceasefire?

Donald Trump says ships of the world start your engines.

This is kind of the first confirmation we had from his end of this deal being struck.

He's also suggesting that the oil should start flowing.

Now, we believe that the Strait of Hormuz will open up on Friday local time.

Now, there are differences seemingly or contradictions between exactly how that will work.