New relief for households being considered as Albanese government warns of ‘long tail’ from Iran war
Catherine King says while peace talks were ‘best chance’ at lowering fuel prices, further help may be included in budget
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The Albanese government is contemplating further relief for struggling households and businesses in next month’s federal budget, as peace talks continue between the US and Iran amid a fragile ceasefire.
The infrastructure minister, Catherine King, said the success of those talks was the “best chance” at bringing down fuel prices. But she warned there would be a “long tail” from the crisis even if the strait of Hormuz – which was still being blocked by Iran and strangling global oil supplies – reopened imminently.
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