Australia's supply 'crunch point’ to be felt from mid-April: energy expert | ABC NEWS

Saul Kavonic, head of energy research at MST Financial says there's ‘no guarantee’ the Strait of Hormuz will open anytime soon even if the US ends its Iran campaign. He says we could see higher prices and low supply of LNG, crude oil and fertiliser for months, with a crunch point beginning in mid-April. He adds that given Australia’s remote global position, things could get worse before they get better. Read more: https://www.abc.net.au/news/2026-04-01/federal-politics-live-blog-fuel-iran-albanese-labor-taylor/106518176 Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: http://facebook.com/abcnews.au Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia