Australia Plans A$10 Billion Fuel and Fertilizer Security Boost
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Good morning, stock markets around the world have jumped on hopes the US and Iran are nearing a breakthrough. The nations are considering a fresh proposal to end the war as President Donald Trump searches for an exit to the conflict.
Closer to home, Australia will include an A$10 billion package for fuel and fertilizer security in next week’s budget proposal after the Iran war caused a run on supplies. And Australia and Fiji agreed on a new security and political treaty as Canberra looks to counter China’s growing influence in the Pacific region. - Sharon Klyne, Australia private credit reporter.