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How many products in your daily life are made from fossil fuels?

ABC Australia · Jun 27, 2026, 7:00 PM

Key takeaways

  • Crude oil is a mixture of different substances, many of which enter our materials systems.
  • Even if the Strait returns to normal, that shock will keep sending prices up in a range of industries.
  • Economic ripples will filter through to a plethora of products, such as plastics, fertilisers, building materials, industrial chemicals, and pharmaceuticals.

Why this matters: an international story with cross-border implications worth tracking.

Crude oil is a mixture of different substances, many of which enter our materials systems. (Unsplash: Zbynek Burival)

Link copied Share Share article. The crisis in the Strait of Hormuz almost immediately caused a fuel price shock felt in bank accounts around Australia.

Even if the Strait returns to normal, that shock will keep sending prices up in a range of industries.

Article preview — originally published by ABC Australia. Full story at the source.
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