Australia’s top crude supplier warns of fuel export risk

Malaysia, the country’s top supplier of crude and third-largest source of petrol and diesel, has warned shipments to Australia could be disrupted if the conflict in the Middle East drags on, saying it may need to prioritise the needs of its citizens over its trading partners.

Prime Minister Anthony Albanese on Thursday announced national cabinet had established a taskforce to co-ordinate the distribution of fuel to areas of need, and canvassed the prospect of rationing should the conflict drag on.