Australia weighs first refinery in 60 years as Middle East war strains fuel supply

INTELLIGENCE SUMMARY

Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East ‌squeezes supplies from overseas and underscores the urgency to improve energy security. Albanese said the project will help build Australia’s resilience and sovereign capability on fuel, potentially helping shield the country from future supply shocks. If the project proves feasible, the new large-scale oil refinery will be built by...