ABC Business Daily

Qantas says its fuel bill could be $600 million to $800 million higher than expected because of the ongoing energy crisis - and it plans to reduce capacity to help offset some of those costs.

Virgin has also flagged fare changes as it responds to higher costs. 

So how badly could this hit travellers in the months ahead - and how is the conflict involving the US, Israel, and Iran affecting the price of jet fuel?

Carrington Clarke and Ian Verrender help you stay on top of the numbers behind the ongoing energy crisis on Fuelcast on ABC Business Daily.

When fuel and energy prices move, Fuelcast helps you understand why. Hosted by Carrington Clarke, Alan Kohler, and Ian Verrender, it brings you the latest numbers, the big developments driving the energy story, and what they could mean for households, business, and the broader economy. New episodes drop every Monday, Wednesday, and Friday in the ABC Business Daily feed, alongside ABC Business Daily and That’s Business with Alan Kohler.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

This time, the US stuck to its deadline.

Its navy is now blockading Iran’s ports, further limiting the flow of energy from the crucial Gulf region.    

With that supply curbed, there’s been calls for Australia to tap its own reserves of energy to make the country less reliant on foreign oil.

But is there oil to tap? And does it make economic sense? 

Carrington Clarke and ABC's Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]

After direct talks between the US and Iran concluded with no agreement, Donald Trump has raised the stakes by ordering a blockade of ships that visit Iranian ports.

The move has stymied global energy flow and caused oil prices to jump. Again.

Meanwhile finance firms are on notice that the latest model from Artificial Intelligence giant Anthropic, Claude Mythos Preview, could threaten their systems. Will global banking wake up to the AI threat before it's too late?

Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.

Donald Trump has announced a US naval blockade of the Strait of Hormuz, while Anthony Albanese prepares to travel to Malaysia and Brunei after his recent trip to Singapore, as Australia looks to shore up its fuel security.

Carrington Clarke and Alan Kohler break down what these developments could mean for global energy markets, fuel supply, and the pressures flowing through to Australia in the first episode of Fuelcast on ABC Business Daily.

When fuel and energy prices move, Fuelcast helps you understand why. Hosted by Carrington Clarke, Alan Kohler, and Ian Verrender, it brings you the latest numbers, the big developments driving the energy story, and what they could mean for households, business, and the broader economy. New episodes drop every Monday, Wednesday, and Friday in the ABC Business Daily feed, alongside ABC Business Daily and That’s Business with Alan Kohler.

Got a burning brent crude question?

Send an email to Carrington and the team [email protected]

More than $400 billion. Millions of members. And a front-row seat to the forces shaping the Australian economy.

If you think super is dull, or the people who run it are dull, think again.

Paul Schroder runs AustralianSuper, the biggest superannuation fund in the country - and he has plenty to say about where the economy is heading, how geopolitics is reshaping investment, and why Australia’s biggest problems are productivity, inequality, and above all, housing.

In fact, he thinks housing is the biggest issue facing the country - and a major weakness in the way the economy now works. So what could Australian super funds, like his, do to fix it?

Paul Schroder joins That's Business with Alan Kohler to unpack it all.

Got a burning business question?

Send a short voice recording to the ABC Business Daily team at [email protected]

Around the globe investors cheered the ceasefire agreement between the US and Iran, with surging stocks and an oil price plunge.  

But, there are already signs this fragile truce isn’t holding. And there are contradictory reports about just how open the crucial Strait of Hormuz really is.

So will the market rally wave crash as quickly as it’s crested? And is the energy crisis actually over? 

Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]

It appeared the market was betting on another TACO Tuesday from Donald Trump. And it could be said that he’s delivered.

The US President has announced a two-week cease-fire with Iran which involves an opening up of the crucial strait of Hormuz - and raises hopes of a more normal flow of energy around the world.

But no matter what the final outcome of this conflict, we’ve seen a dramatic shift in Australia’s car market. Electric Vehicle sales are soaring but the question remains: will this prove to be permanent shift in the auto market?

Carrington Clarke and ABC Business Reporter Steph Chalmers, break it all down on ABC Business Daily.

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at a[email protected] and we'll attempt to answer it.

After wild oscillations on Wall Street overnight, time is ticking and global investors are holding their breath as Donald Trump’s latest deadline for Iran is set to expire tomorrow.

And while the world remains caught in the grip of the global fuel crisis, investment continues to roll into artificial intelligence as it promises - or threatens - to up-end the economy.

Carrington Clarke and ABC's Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]

Donald Trump has unleashed in a series of extraordinary social media posts, swearing and threatening Iran’s civilian infrastructure if the Strait of Hormuz isn’t reopened. 

So are we on the edge of a dangerous escalation in this war, that has already wrought havoc on energy markets?

And while time ticks down on Trump’s deadline, buyers seem to be biding their time to purchase property in Australia, with the auction clearance rates continuing to fall.

Carrington Clarke and ABC Business Correspondent David Taylor break it all down on ABC Business Daily.

Got a burning business question?

Send a short voice recording to Carrington and the team at [email protected]

More rate rises. A possible recession. And fresh pressure on households and business.

So how is one of Australia’s biggest banks preparing for what comes next?

Anthony Miller took over Westpac after a bruising era for the bank, following a two-decade investment banking career with major institutions including Goldman Sachs and Deutsche Bank.

He joins Alan Kohler on That's Business to talk mortgage stress, recession risk, cyber threats, AI, housing affordability, and how Westpac is trying to move on from years of scandal.

Got a burning business question?

Send a short voice recording to the ABC Business Daily team at [email protected]