Australia news live: escalating Middle East conflict will see prices rise again, Chris Bowen says

The escalating Middle East conflict is set to cause further price increases, according to Australia's energy minister Chris Bowen. Currently, the country has only 41 days' worth of petrol in strategic reserves, a situation that is expected to worsen due to the ongoing disputes in the region.

In a tragic incident in Western Australia, a man was shot at a residence in Hamilton Hill. Police and St John WA responded to the scene, providing emergency first aid to the victim who was taken to the hospital with serious injuries. Two males, dressed in all black clothing, are believed to be involved in the shooting. A significant police operation is underway to investigate the incident.

The situation in the Middle East, involving Saudi Arabia, the Houthis, and Iran's ongoing war, is contributing to a global shortage of fuel, which is pushing up oil prices. These rising costs are already being felt in the markets overnight and are expected to have an impact on Australia's fuel prices. Despite the challenges, the Australian government remains committed to ensuring fuel security, a priority that has been maintained since the crisis began over six months ago.