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Australia Boosts Fuel Reserves Amid Iran War
Description
Australias government is investing over ten billion dollars in a new fuel reserve and supporting fuel companies to boost stockpiles, aiming for at least fifty days of diesel and aviation fuel supplies. This move is in response to the ongoing war in Iran and the closure of the Strait of Hormuz, following a major refinery fire in Geelong. The government is also allocating funds for studies on new or expanded refineries and is urging fuel conservation.
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