Air freight under threat from Middle East war

Jet fuel prices are rising as Middle East disruption squeezes refined fuel supply, leaving airlines and air freight operators facing higher costs and possible operational pressure.

RBA Governor Michele Bullock. Picture: AAP

Video features

The Reserve Bank of Australia has lifted interest rates. CommBank Head of Australian economics Belinda Allen breaks down the RBA’s March rate decision, the key factors influencing the board's thinking and what economists will be watching in the months ahead.

Oil is the starting ingredient for petrol, diesel and jet fuel. When its price rises, it can push up transport costs, which can gradually make many everyday things more expensive, even for people who never visit a service station.

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