The fighting may have temporarily eased in the Middle East, but the fallout is still moving through the global economy. Shipping through the Strait of Hormuz remains disrupted, fuel markets are unsettled, and Australia is exposed.

Now, Anthony Albanese is in Singapore trying to secure supply, as the opposition presses the government over how prepared the country really is.

Today, Tony Wood, Energy and Climate Change Senior Fellow at the Grattan Institute, on the state of the Strait, the ongoing risks for Australia, and the politics taking shape around another global shock.

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Guest: Energy and Climate Change Senior Fellow at the Grattan Institute, Tony Wood

Photo: AAP Image/Tom White

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