world
The Hindu
2026-04-01
Australia's Albanese Warns of Economic Shock from War
Australian Prime Minister Albanese warns that the economic impact of the war in Iran and the blockade of the Strait of Hormuz will be felt for months.
Australia, which imports about 90% of its fuel, has seen petrol prices surge and experienced localised shortages as a result of the U.S.-Israeli war on Iran and the blockade of the Strait of Hormuz