Australia has secured additional commodity supplies — bringing in jet fuel from China and urea from Brunei — as the Iran war strains markets.
Three jet-fuel cargoes, totaling more than 600,000 barrels, are expected to arrive from early June, according to a joint statement from Prime Minister Anthony Albanese’s office issued along with several ministers. The cargoes were described as a “first step,” and more may follow, the statement said.
While Australia is a major producer and exporter of energy, the country still sources the vast majority of its refined fuels from overseas. That dependency has exposed vulnerabilities ...
