Carrington Clarke

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

before the start of this conflict.

That's obviously been very much helped by the excise tax cut, but the price of diesel is still very elevated from what it was.

Are we really starting to see it biting here in Australia, particularly that elevated diesel price?

And how do you see this playing out over the coming weeks?

In that because the price is being artificially made lower, that people aren't taking into account the full extent of that cost increase and therefore they're maybe not using less of it.

We're not seeing a demand impact in the way that we would otherwise see.

Well, let's see if we do move up that escalation ladder.

Ian Verinder, thank you for joining us for Fuelcast.

You can catch us on ABC Business Daily later today, and we'll be back in your feeds with all things fuel on Wednesday.

Thanks, Ian.