SBS News – Australia
·australia
·1 hour ago
Australia secures 46 days of fuel reserves amid Middle East conflict
Australia now holds 46 days of fuel reserves, 10 days more than before the conflict in the Middle East escalated. Energy Minister Chris Bowen stated the government is securing fuel supply amid concerns for the economy, with potential GDP losses of up to $42 billion if the Strait of Hormuz remains closed through 2026.
Summary by Glance · SBS News – Australia
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