Brisbane Times
·general
·3 hours ago
Taylor proposes $800m plan to double fuel stockpile amid Hormuz closure
Australia's Coalition proposed an $800 million plan to double the nation's fuel stockpile amid fears of a prolonged closure of the Strait of Hormuz. Energy Minister Chris Bowen confirmed that major fuel reserves could be announced in the upcoming budget, as Australia relies on imports for 90 percent of its fuel needs.
Summary by Glance · Brisbane Times
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