Anthony Albanese warns reopening of the Strait of Hormuz is 'fragile' with 46 days of fuel to spare

Australian Prime Minister Anthony Albanese has cautioned that the reopening of the Strait of Hormuz is a 'fragile arrangement' following an overnight summit of around 50 countries. The Strait of Hormuz is a vital waterway for global trade, with the majority of oil passing through it destined for Asia. Australia has 46 days' worth of petrol in stock and 61 fuel tankers en route to the country. Albanese has backed international diplomacy to resolve the Middle East conflict and committed to joining a meeting of military planners in London to discuss an international mission to restore maritime security. The Australian government is working to ensure the Strait remains open for all countries permanently, with Albanese stating that 'freedom of navigation is essential for global trade'.