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Australia Secures Fuel Supplies Amid Potential Long-Term Disruptions

Australia Secures Fuel Supplies Amid Potential Long-Term Disruptions

Australia has taken steps to secure its fuel supplies in anticipation of extended disruptions, despite a recent ceasefire in the Middle East. Prime Minister Anthony Albanese announced agreements with major suppliers Ampol and Viva Energy to underwrite contracts for gasoline and diesel purchased at inflated prices. The government will also have the authority to direct fuel distribution, prioritizing regional and farming areas affected by shortages. Albanese plans to meet with Singapore's Prime Minister Lawrence Wong to discuss strengthening fuel access and supply chain resilience between the two countries.

The Latest: Vance heads to Pakistan ahead of negotiations for permanent deal with Iran

The Latest: Vance heads to Pakistan ahead of negotiations for permanent deal with Iran

Kuwait has accused Iran of launching drone attacks despite the ceasefire in the Iran war

FISHER's OUT 2 LUNCH Festival Postponed to 2027 Due to Diesel Shortage

FISHER's OUT 2 LUNCH Festival Postponed to 2027 Due to Diesel Shortage

The OUT 2 LUNCH Festival, curated by FISHER, has been postponed to 2027 due to significant logistical challenges caused by a nationwide diesel shortage in Australia. Originally scheduled for May 2026, the festival was set to take place in Melbourne, the Gold Coast, Sydney, and Perth. TEG Live, the festival's promoter, cited the ongoing Iran War and its impact on fuel imports as key reasons for the postponement. The shortage affects trucking logistics, power generators, and production infrastructure, making it difficult to deliver the large-scale event as planned. FISHER expressed disappointment but emphasized the importance of ensuring a high-quality experience for fans.

Factbox-Price hikes, outlook cuts - What airlines are doing as fuel costs surge

Factbox-Price hikes, outlook cuts - What airlines are doing as fuel costs surge

April 10 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.

Asia Pacific faces weaker growth and higher inflation from Middle East crisis, ADB warns

Asia Pacific faces weaker growth and higher inflation from Middle East crisis, ADB warns

MANILA, April 10 (Reuters) - Growth in developing Asia and the Pacific is expected to slow this year as the conflict in the Middle East disrupts trade and energy markets, the Asian Development Bank said on Friday, with the extent of the slowdown dependent on how long the crisis persists.

Australia Secures Fuel Supply Amid Potential Long-Term Disruptions

Australia Secures Fuel Supply Amid Potential Long-Term Disruptions

Australia has taken steps to secure its fuel supply in response to potential long-term disruptions, as announced by Prime Minister Anthony Albanese. The government has agreed to underwrite contracts for gasoline and diesel purchased at inflated prices by major suppliers Ampol and Viva Energy. This move comes amid concerns that supply disruptions could persist even if a recently announced ceasefire in the Middle East holds. The government will also have the authority to direct fuel distribution, prioritizing regional and farming areas that have experienced shortages. Albanese emphasized the importance of these measures during a visit to an Ampol refinery in Brisbane, highlighting the need for continued efforts to ensure fuel availability. The Prime Minister is scheduled to meet with Singapore's Prime Minister Lawrence Wong to discuss further strengthening of fuel supply chains between the two countries.

Singapore expected to tighten monetary policy as energy crisis fans inflation

Singapore expected to tighten monetary policy as energy crisis fans inflation

By Jun Yuan Yong SINGAPORE, April 9 (Reuters) - Singapore is poised to tighten monetary policy at a review next week, with the Middle East war driving up energy prices, stoking inflation and darkening the growth outlook at home and abroad.

Australia PM Albanese criticises Trump's rhetoric while welcoming ceasefire

Australia PM Albanese criticises Trump's rhetoric while welcoming ceasefire

By Alasdair Pal SYDNEY, April 8 (Reuters) - Australian Prime Minister Anthony Albanese on Wednesday welcomed a ceasefire in the Middle East struck between the U.S., Israel and Iran, while criticising the rhetoric of President Donald Trump.

The Latest: Iran says it has accepted a 2-week ceasefire in the war

The Latest: Iran says it has accepted a 2-week ceasefire in the war

Iran’s Supreme National Security Council says it has accepted a two-week ceasefire in the war

Factbox-Airlines cancel flights amid Middle East conflict

Factbox-Airlines cancel flights amid Middle East conflict

April 9 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations after the Iran war forced the closure of major Middle Eastern hubs, including Dubai, Doha and Abu Dhabi.

Oil prices rise again and world shares retreat on the fragile Iran ceasefire

Oil prices rise again and world shares retreat on the fragile Iran ceasefire

Oil prices are rising again and world shares are mostly lower on skepticism over a fragile ceasefire between the U.S. and Iran

Las principales reacciones al alto el fuego entre EEUU e Irán

Las principales reacciones al alto el fuego entre EEUU e Irán

Estados Unidos e Irán acordaron un alto el fuego de dos semanas, una hora antes de que expirara el ultimátum lanzado por el presidente Donald Trump para "destruir" a la república islámica.