DAILY

Daily political report.

Fuel crisis solved?

Australia imports about 90% of refined fuel. The escalating tensions with Iran in the Strait of Hormuz (where Tehran has repeatedly threatened to blockade the narrow shipping lane that carries roughly one-fifth of the world’s oil supply) have forced tanker operators to reroute, cancel voyages or face uninsurable risk premiums, directly cutting off deliveries of refined fuel to Australian ports. Because of this we are facing nationwide shortages, causing prices to skyrocket. A

Henry

9 hours ago2 min read