Reuters
30 May 2026, 02:14 UTC · 2h ago
Source · https://www.reuters.com/business/energy/australia-extends-measure-that-releases-petrol-diesel-domestic-reserves-2026-05-30/
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Australia continues to face energy supply challenges resulting from the Iran war. — Geopolitical conflict involving a major oil producer signals persistent upward pressure on global energy prices and risk premiums.
-0.50Australia is extending the release of petrol and diesel from domestic reserves to combat supply disruptions. — Increased domestic supply helps mitigate price spikes and supports economic stability amid energy shocks.
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