Japan, Singapore to Ensure Australia Fuel Supply, Minister Says

Australia’s government has received guarantees from major fuel exporting nations in Asia that supplies will proceed as normal despite the disruptions caused by the war in Iran, Assistant Foreign Affairs and Trade Minister Matt Thistlethwaite said.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Australia’s government has received guarantees from major fuel exporting nations in Asia that supplies will proceed as normal despite the disruptions caused by the war in Iran, Assistant Foreign Affairs and Trade Minister Matt Thistlethwaite said.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.In an interview with Sky News on Sunday, Thistlethwaite said that he had sought and received pledges from Japan, South Korea and Singapore that shipments of fuel to Australia would continue, amid concerns that some countries might curb exports to protect their own domestic supply. Despite being a large-scale fossil fuel exporter, the vast majority of Australia’s oil products comes from refineries across Asia.“I met last week with the Japanese minister and requested that supply continue and they’ve given us an assurance,” said Thistlethwaite, adding he’d spoken to the South Koreans and Singapore as well and received similar guarantees.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.South Korea alone contributes about a quarter of Australia’s fuel imports, according to the Institute for Energy Economics and Financial Analysis, while another 13% comes from Singapore’s neighbor Malaysia.On Saturday, Energy Minister Chris Bowen said that Australia was seeking to diversify its sources of oil products as a result of the war in Iran, including making purchases from the US and Mexico. Australia has seen significant fuel price rises following the outbreak of the war, which has halted much of the trade through the Strait of Hormuz. Just 17% of the nation’s oil products are refined onshore, and hundreds of petrol stations across Australia have reported shortages of certain types of fuel in the past week.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.