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newsApr 16, 20261:17

Markets Hit Records Despite Refinery Fire

About this episode

Wall Street hits new highs amidst Middle East turmoil, while Australian market awaits refinery fire impact. Viva Energy shares halted, ASX futures hint at slight dip. Global tensions and refinery damage reports keep markets on edge, investors watch for steady plays.

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Markets Hit Records Despite Refinery Fire

Sydney News Today | 2 Min News | The Daily News Now!

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Full transcript

Sydney News Today | 2 Min News | The Daily News Now!Markets Hit Records Despite Refinery Fire. Machine-transcribed; use the interactive transcript above to jump the player to any line.

0:00Donald Trump is calling out Australia again for not stepping up in the Strait of Hormuz. He says they weren't there when the U.S. asked for backup, but Aussie officials insist there's been no official request from America. This isn't the first time. Just this month, Trump lunged Australia in with Japan, South Korea, and even NATO for not helping enough. Back in March, during a Cabinet meeting, he called Australia's support disappointing. Treasurer Jim Chalmers, who's in Washington right now, pushed back hard. He says the partnership with the U.S. is solid, and no formal ask has come through on Hormuz. Meanwhile, Australia's gearing up for a long fuel crunch from the ongoing blockade. Prime Minister Anthony Albanese just locked in 100 million liters of diesel from Brunei and South Korea with more deals in the works, including talks with Indonesia. On Friday, Paris time, Australia joins a UK and France hosted summit to hash out ways to protect shipping lanes in the Strait, keeping the pressure on. For real solutions, I'm Cory with the

1:04story, and you've been listening to Sydney News today, AI-powered local news.

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