Australia Releases Fuel Reserves Amid Iran Crisis

0:00From Sydney, this is your March 13th update. The Australian government has ordered fuel companies to release almost one-fifth of their reserve petrol and diesel stocks. This marks the second such directive in just two days, driven by a sudden doubling of demand nationwide. It's part of the largest coordinated or reserve release in history, coordinated by the International Energy Agency earlier this week. Energy Minister Chris Bowen warned that fuel supplies might come under more strain soon. Still, he ruled out any fuel rationing or cuts to the excise tax. The crisis stems from the ongoing war in Iran, now in its second week. Tankers are blocked, creating what experts call the biggest oil supply disruption ever recorded. Meanwhile, Australia's stands has shifted. What started as limited support is turning into deeper involvement as the conflict shows no signs of easing. This DNN story comes to you, thanks to our sponsor. Soley Pillow is a pillow with built-in headphones. Layback, press play, and disappear into what you are listening to.

1:03S-O-L-I. SoleyPillow.com