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Fuel and supply chain shocks likely amid Red Sea conflict: energy analyst | ABC NEWS
ABC News (Australia)
September 15, 2026
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Escalation in a crucial Red Sea shipping lane has reignited fears of a global oil shortage as the per-barrel price approaches $US110. Energy analyst Saul Kavonic warns prices are likely to keep rising as Iran and its proxies choke major oil checkpoints, which he says would have f
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