Australia faces fuel crisis as Strait of Hormuz disruption cripples imports

Australia is grappling with a deepening fuel supply crisis after the effective closure of the Strait of Hormuz, a critical chokepoint for global oil and LNG shipments, as conflict engulfs the region. Since early March, shipping volumes through the strait, which traditionally handles 20% of the world’s oil, have plummeted by 95%, sending shockwaves across economies dependent on Middle Eastern crude. For Australia, heavily reliant on refined fuels imported from regional hubs like Singapore, South