Oil crisis heaps pressure on ceasefire talks | ABC News Top Stories
Pressure is mounting on the US and Iran to strike a deal to fully re-open the Strait of Hormuz so crucial oil and gas ships can sail through as normal.
The federal energy minister Chris Bowen says that no industries in Australia are immune from the impacts of the fuel crisis as the government faces pressure to provide financial help to the construction industry.
Westpac's chief economist warns its forecasting another three interest rate rises due to disruptions from oil flowing through the Strait of Hormuz, citing the cost of building materials as a key concern.
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