Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next? (opens in new tab)

Fuel suppliers outside the Middle East have proved to be much more flexible than analysts expected – and China surprised everyoneGet our , or Australians were warned soon after the Middle East conflict started that the country could run short on fuel, with prices rising to record levels owing to disrupted oil supplies.Now, amid and continued supply disruptions, petrol prices are lower than they were before the conflict began and official warnings over fuel usage have largely disappeared.