A tractor tends crops in a market garden on the outskirts of Melbourne on March 26, 2026. Soaring global oil prices have prompted warnings that high fuel prices will drive food prices up and inflation above 5 per cent in Australia. (Photo by William WEST / AFP via Getty Images)

Workers harvest crops in a market garden on the outskirts of Melbourne on March 26, 2026. Soaring global oil prices have prompted warnings that high fuel prices will drive food prices up and inflation above 5 per cent in Australia. (Photo by William WEST / AFP via Getty Images)

A tractor tends crops in a market garden on the outskirts of Melbourne on March 26, 2026. Soaring global oil prices have prompted warnings that high fuel prices will drive food prices up and inflation above 5 per cent in Australia. (Photo by William WEST / AFP via Getty Images)

Fuel prices are displayed at a petrol station in the Melbourne suburb of Williamstown on March 26, 2026. Oil prices rose and equities were mixed on March 26 as investors tracked developments in the Middle East war after Iranian officials were said to have replied to US demands to end a conflict that has sparked warnings of an unprecedented energy crisis. (Photo by William WEST / AFP via Getty Images)

Fuel prices are displayed at a petrol station in the Melbourne suburb of Williamstown on March 26, 2026. Oil prices rose and equities were mixed on March 26 as investors tracked developments in the Middle East war after Iranian officials were said to have replied to US demands to end a conflict that has sparked warnings of an unprecedented energy crisis. (Photo by William WEST / AFP via Getty Images)

Fuel prices are displayed at a petrol station in the Melbourne suburb of Williamstown on March 26, 2026. Oil prices rose and equities were mixed on March 26 as investors tracked developments in the Middle East war after Iranian officials were said to have replied to US demands to end a conflict that has sparked warnings of an unprecedented energy crisis. (Photo by William WEST / AFP via Getty Images)

Fuel prices are displayed at a petrol station in the Melbourne suburb of Williamstown on March 26, 2026. Oil prices rose and equities were mixed on March 26 as investors tracked developments in the Middle East war after Iranian officials were said to have replied to US demands to end a conflict that has sparked warnings of an unprecedented energy crisis. (Photo by William WEST / AFP via Getty Images)

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, March 26, 2026. (AP Photo/Ahn Young-joon)