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Australia Faces Fuel Crunch: Rationing Fears Amid Middle East Crisis

Published 1 week, 5 days ago
Description

Australia braces for fuel crisis as global oil prices soar due to Middle East conflict, triggering panic buying and talk of rationing not seen since the 1970s. The country, importing 90% of its liquid fuels, faces weeks or months of supply disruptions. While past rationing was due to refinery strikes, this crisis could last longer, with experts warning its more severe than the 1970s crises. The government is coordinating with states and companies to ease pressure through demand cuts and supply fixes, aiming to keep daily life moving.

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