Conflict impacts global oil trade viability. Government considers measures to support cost of living. Signals government openness to fuel excise extension.
1 report, 1 independent
Updated Jun 15
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What happened
Conflict impacts global oil trade viability. Government considers measures to support cost of living. Signals government openness to fuel excise extension.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The Australian government, based in Canberra, is dealing with the fallout of the Middle East conflict, which has caused global oil shortages and price volatility affecting regions like Perth.Sub-event
- Australia welcomes US-Iran agreement amidst conflict impacts on the global economy.Sub-event
Government signals openness to fuel excise extension amid concerns over global oil trade viability due to Hormuz situation.1 source
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The entities involved
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Hormuz
city in Hormozgan Province, Iran
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Anthony Albanese
31st prime minister of Australia since 2022
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