Australian petrol prices could increase by another 20 to 30 cents a litre in the weeks ahead as intensifying conflict in the Middle East drives oil to levels last reached in mid-May. The rise comes amid a sell-off in shares and bonds.
Donald Trump has also pledged a US$5,000 payment to each adult US citizen following the November midterm elections if Republicans prevail, heightening investor concerns about US public finances. More details are expected as the story develops.

