
Australia's Asian Allies Secure Fuel Supplies
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australias Asian trading partners, including Japan, South Korea, Malaysia, and Singapore, are ensuring steady fuel supplies amidst the Middle East crisis. The Australian government is diversifying supply chains, pulling refined fuel from the US and Mexico. The leverage gained from these Asian nations LNG imports may influence the decision on a new windfall profits tax for gas companies. Japans Prime Minister Takaichi is set to visit Australia to discuss rare earths and reopening the Strait of Hormuz. The parliamentary inquiry into oil and gas taxes concludes May 7th, but the decision on new levies remains uncertain, with supply security taking precedence.
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