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In a rare national address, Prime Minister Anthony Albanese has attempted to reassure Australians as the war in the Middle East hits home, sparking the biggest spike in fuel prices in history and pushing up grocery prices.

He outlines temporary measures the Federal Government is taking to ease cost‑of‑living pressures, while imploring Australians to "do their bit" by resisting the urge to stockpile and taking public transport where possible.

Acknowledging the coming months "may not be easy" and these are "uncertain times", Mr Albanese says we will deal with these global challenges "the Australian way".

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BREAKING: The Prime Minister's full national address