UK and Australia have delivered speeches overnight - warning of potential impacts of the war in Iran and the resulting surge in fuel prices.

In the UK, Sir Keir Starmer says he'll seek closer economic and security ties with the EU.

In Australia, Anthony Albanese has called on people to try to reduce fuel consumption if they can.

Australian correspondent Murray Olds says Albanese's address left people feeling underwhelmed, as he issued a warning to farmers and key business sectors.

LISTEN ABOVE