Australia's Prime Minister has warned the economic shock from the war involving Iran will "be with us for months", as he delivered a rare televised address to the nation. Speaking on Wednesday, Anthony Albanese said the conflict had driven the biggest spike in petrol and diesel prices in history, and households were already feeling the strain. "Australia is not an active participant in this war. But all Australians are paying higher prices because of it," he added. Addresses of this kind have been used at moments of international importance, last seen in the country during the Covid pandemic and before that the 2008 financial crisis. Australia is among a host of nations that have seen fuel prices increase sharply since the start of the US-Israel war with Iran and the effective closure of the Strait of Hormuz. The near-total blockade of international shipping in the vital waterway - through which around 20% of the world's oil and natural gas flows - has led governments around the world to begin implementing measures to conserve fuel. Albanese has previously sought to reassure motorists following reports of panic-buying and petrol stations running dry. During the address, he acknowle
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Anthony Albanese was in meeting of 49 countries to discuss key shipping route when news broke that Iran was reopening strait Get our breaking news email, free app or daily news podcast Australians can expect further falls in fuel costs but…
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Anthony Albanese was in meeting of 49 countries to discuss key shipping route when news broke that Iran was reopening strait Get our breaking news email, free app or daily news podcast Australians can expect further…
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Read original at The Guardian →Australia's Prime Minister has warned the economic shock from the war involving Iran will "be with us for months", as he delivered a rare televised address to the nation. Speaking on Wednesday, Anthony Albanese said the…
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Anthony Albanese was in meeting of 49 countries to discuss key shipping route when news broke that Iran was reopening strait Get our breaking news email, free app or daily news podcast Australians can expect further falls in fuel costs but…
View source →Australian prime minister says itâs âdisappointingâ that there was no resolution on freedom of movement during weekendâs talks Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily…
View source →Australia and Singapore will âmake maximum efforts to meet each otherâs energy security needsâ in refined fuels and LNG, according to new agreement Get our breaking news email, free app or daily news podcast Australiaâs largest…
View source →PM calls pause in hostilities a âfragile peaceâ as Australia issues joint call with Brazil, Colombia, Indonesia, Jordan, Sierra Leone and UK for aid worker protections Follow our Australia news live blog for latest updates Get our…
View source →The prime minister clearly believed the US presidentâs threat of mass bombings of bridges and power plants crossed a new line Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news…
View source →In backing down on his threats to destroy Iranian civilisation, Donald Trump has lessened concerns of a recession in Australia – at least for now Get our breaking news email, free app or daily news podcast As I write this, I sigh and…
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