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Australia Buys 100m Litres of Diesel in Bid to Boost Supply Amid Iran War Oil Crisis

The deal uses new federal fuel powers to underwrite shipments from Brunei and South Korea as supply worries deepen after a refinery fire.

  • On Thursday, Australian Prime Minister Anthony Albanese announced the government secured 100 million litres of diesel from Brunei and South Korea to bolster national fuel security amid global supply shocks.
  • The Middle East conflict has choked the Strait of Hormuz, causing unprecedented energy supply shocks and prompting Australia to leverage regional trade partnerships to ensure essential fuel flows.
  • Separately, a fire broke out Wednesday night at the Viva Energy refinery in Geelong, Victoria, forcing reduced production rates at the facility that supplies 10 per cent of Australia's fuel.
  • Albanese and Malaysian Prime Minister Anwar Ibrahim agreed to a 'no surprises' policy on energy trade during talks in Kuala Lumpur, ensuring continued stable flows of critical fuel supplies between nations.
  • Australia holds roughly 38 days of petrol in reserve, significantly below the 90-day minimum dictated by the International Energy Agency, heightening urgency for these import agreements.
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The West Australian broke the news in Australia on Wednesday, April 15, 2026.
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