Carrington Clarke

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

It's Monday, April the 27th.

We're recording mid-morning, let's dig in.

The price of Brent Crude has risen again to above $107 US dollars a barrel.

The national average price of unleaded has dropped to $1.87 per litre.

And the national average price of diesel has dropped to $2.66 per litre.

Today, I'm joined by Ian Verinder to dig into our major energy headlines.

Good morning, Ian.

Ian, Donald Trump has provided a new type of deadline for this conflict.

He says that Iran's oil pipes are going to start exploding from within in the next three days or so.

Now, this doesn't seem to be about the US striking Iranian infrastructure, but instead about the buildup of pressure because Iran isn't able to get its oil out to global markets.

There has been previous analysis that this could start to become a problem for Iran, but how realistic is this timeline from the US president and how should we treat it?

It's a very good point that this is not just Iran at risk here.

But Donald Trump, there is also a certain level of brinkmanship going on, isn't there?

It's about which side can actually take the damage for longer.

Is it Iran not being able to sell its oil to global markets?

It's being cut off from that cash flow.

Or is it the political pressure building on Donald Trump because of what this oil supply shock is doing to the global economy?

Are we getting a better idea of just how damaging this cutoff of supply, this considerable hit to global supply, is actually doing to the global economy and what some of the long-term consequences could be?

And the price of unleaded is almost back to what it was