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Australia Boosts Fuel Reserves Amid Supply Concerns

4/18/2026

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Story summary
  • Energy Minister Chris Bowen of Australia announced on April 18 that fuel reserves have risen.
  • The reserves include 46 days of petrol, 31 days of diesel, and 30 days of jet fuel.
  • Bowen said 61 ships carrying fuel are en route to Australia.
  • The announcement follows a refinery fire that raised supply concerns.
  • Prime Minister Anthony Albanese emphasized Iran's agreement to reopen the Strait of Hormuz for global trade.