Senior Liberal MP Andrew Hastie has blasted Donald Trump as he delivered a stark warning about Australia’s energy security global conflict chokes fuel supplies and sends prices soaring. 

Speaking to David Speers on ABC’s Insiders on Sunday, the Shadow Minister for Industry and Sovereign Capability said Australians were about to feel ‘real economic pain’ as the war in the Middle East enters its second month.

Hastie said the fuel crisis should be a wake-up call for the Albanese government.

‘We are heading into a perfect economic storm,’ he said. 

‘The test for the Prime Minister and Treasurer will be whether they can stop this country from sliding into recession.’

Hastie said the crisis had exposed Australia’s heavy reliance on imported fuel and revealed the limits of its long‑standing alliance with the United States.

He hit back at criticism from US President Donald Trump, who questioned Australia’s level of involvement in the conflict.

‘Australia was not great. I was a little surprised by Australia,’ the president said earlier this week.

Andrew Hastie (pictured) said Australia was moving into a ‘perfect economic storm’ 

He warned that the fuel crisis could see Australia slide into a recession

Hastie said the remarks struck a nerve, pointing to Australia’s long history of standing shoulder to shoulder with Washington.

‘It gives me a visceral reaction because I think about what we’ve done over the last 100 years with the United States,’ he said.

‘We were there in the First World War, the Second World War and lost 500 soldiers in Vietnam. We were there in Iraq and Afghanistan, so we’ve been a good ally.’

But Hastie warned the world had fundamentally changed and said Australia could no longer assume Washington would protect its interests.

‘Whatever you think about Donald Trump’s rhetoric, the world has changed and we need to take that seriously,’ he said. 

‘This war has emphasised the need for us to be self-reliant as a nation.’

Hastie said the US’s decision to go to war without consulting allies had put countries such as Australia in an impossible position. 

‘Iran has been able to pretty much hold the whole world economy to ransom,’ he told Insiders.

Hastie criticised US President Donald Trump’s failure to consult its allies, including Australia

Hastie called for Australia to become more self reliant against future fuel supply shocks 

‘The United States went to war without consultation, and many American allies are dependent on hydrocarbons from the Middle East.

‘The economic pain is going to be more acute, and [the Australian public] are going to question the judgement of the president.’

He warned Australia was uniquely vulnerable because it sits at the end of a long global supply chain and has just two domestic oil refineries left.

‘As a country that depends on imported oil via Asia, we are in a very difficult place right now,’ he said.

Hastie said the situation could drag on for weeks or months, with no international naval coalition ready to reopen key shipping routes.

‘The battle of Hormuz is going to take some time to resolve,’ he said. 

‘The best-case scenario is late April, but this could drag on much longer.’

Hastie said the economic impact of the crisis would be severe, tipping Australia toward recession.

The federal Coalition has called for the government to temporarily cut the fuel excise in half

‘Iran has managed to hold the world economy to ransom, and because we are at the end of a very long supply chain, we are going to experience pain,’ he said. 

‘We were already in a bad position with high interest rates, sticky inflation, rising bond yields and weak consumer confidence.’

Hastie backed emergency government action to secure fuel supplies but said Australians deserved greater transparency and leadership from Anthony Albanese.

‘The Prime Minister needs to be speaking daily to the nation and giving people confidence that the situation is under control,’ he said.

He doubled down on the Coalition’s call to temporarily halve the fuel excise, warning that rising prices at the pump threatened to choke the economy.

‘If we cannot get fuel to the bowser and keep it affordable for families and tradies, then this country risks sliding into recession,’ he said.

Looking longer-term, Hastie called for a dramatic rethink of Australia’s energy policy, even floating coal-to-liquid fuel production as a way to ensure national security.

‘If we do not have feedstock and refining capacity in this country, we will always be vulnerable to geopolitical shocks,’ he said.