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March 11, 2026
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Federal politics live: Australia considering request to release oil reserves amid Middle East war

Source: abc.net.au abc.net.au
Key Topics in this News Article:
News Snapshot:
Australia is finalising its response to a request for the release of oil reserves amid the ongoing conflict in the Middle East. The International Energy Agency (IEA) has agreed to the release of 400 million barrels of oil from its 32 member countries, including Australia. It's aimed at preventing a further rise in oil prices, with fears Iranian attacks will continue to block Middle East oil exports. The last time this happened was when Russia invaded Ukraine. A spokesperson for Energy Minister Chris Bowen says any action the government takes will be in the national interest. The spokesperson says it...
Note: Please don’t mind the mess. Some source code may appear in the Snapshot above as we train our A.I.
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