Australia will further cut fuel taxes to cushion households from rising prices as the Iran war upends global supply chains.
Pedestrians in front of a Louis Vuitton store in Sydney, Australia, on Thursday, July 24, 2025. Australia is scheduled to release consumer price index (CPI) figures on July 30. Photographer: Brendon Thorne/Bloomberg
Western Australia invoked emergency powers to force fuel suppliers to provide detailed information on their supply chains, as the nation seeks to manage an ongoing shortage spurred by panic-buying in the wake of the war in Iran.
A petrol station in Perth on March 23. Photographer: ANTONY DICKSON/AFP