Australia's Emergency Fuel Plan Amid Iran War
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Australias government expedites emergency laws to bolster fuel imports amid Iran war crisis, offering government-backed insurance for pricey petrol, diesel, crude oil, and fertiliser. The move aims to secure supplies before stocks dwindle, sharing risks with private companies facing escalating costs. With 90% of fuel imports, Australia seeks to maintain stable supplies despite disruptions in global supply and soaring oil prices.
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