Australia's government will underwrite additional fuel and fertilizer imports to address supply shortages caused by Middle East conflict disruptions, Prime Minister Anthony Albanese announced Saturday. The Labor government will amend export finance laws to use public funds mitigating financial risk for private importers, while Albanese urged Australians against panic buying and did not rule out fuel rationing if conditions worsen.
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Australia's government will underwrite additional fuel and fertilizer imports to address supply shortages caused by Middle East conflict disruptions, Prime Minister Anthony Albanese announced Saturday. The Labor government will amend export finance laws to use public funds mitigating financial risk for private importers, while Albanese urged Australians against panic buying and did not rule out fuel rationing if conditions worsen.