Labor says Australia won’t run out of fuel due to the Iran conflict. So how much do we have and how long will it last?

The amount of crude oil being refined locally has dwindled in recent years – but officials say Australia’s strategic reserve means there’s no need to worry Follow our Australia news live blog for latest updates “There is no need to panic-buy petrol. ” Those words from the treasurer, Jim Chalmers, on Wednesday were a bid to reassure Australians that the US-Israeli war on Iran did not mean our nation was about to run out of fuel. Continue reading...