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Australia’s $22 billion answer to the question the Hormuz crisis asked
May 1, 2026
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Posted 3 hours ago by
When Iran closed the Strait of Hormuz on 27 March, following weeks of US and Israeli air strikes, Brent crude hit 126 a barrel and the World Bank warned that energy prices would surge by 24 per cent, the largest increase since the Russia-Ukraine shock of 2022. For most oil-importing nations, this was an economic [] This story continues at The Next Web
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