Fuel crisis exposes Australia need for greater self-reliance

Global fuel disruptions are exposing Australia’s vulnerabilities and strengthening the case for greater economic self-reliance, writes Jemma Nott. AUSTRALIA IS HEADING towards an unprecedented fuel crisis never before seen in history. The Strait of Hormuz has been closed since March and since the recent capture of the Bab al-Mandeb Strait by the Ansarullah movement, there have been growing concerns that Australia may face significant fuel insecurity. The consequences of this, especially in light of Iran’s recent announcements that they will not reopen the strait until U.S. President Donald Trump is out of power, have the potential to be globally shifting and profoundly upending. In Australia, we have seen the…