Supply

Foreign affairs minister begins another diplomatic tour to secure Australia’s fuel and energy supply chains. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning, Nick Visser here to guide you through the day’s news. Here’s what’s on deck:The foreign minister, Penny Wong, will travel to Japan today, part of a diplomatic trip to secure fuel supplies that will also include visits to China and South Korea. She said the effort will help “ensure Australia is prioritised as a reliable energy partner”. Continue reading...

Industry analysts say fuel price surge could lead to canceled flight routes that could snarl travelers’ plansCalifornia’s jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market.As of 17 April, the state’s jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels two years prior, according to the California energy commission (CEC), which publishes a refinery stocks data dashboard. Continue reading...

• CrowdStrike disclosed on April 25, 2026, a sophisticated cyberattack via compromised third-party software affecting 2.5 million patient records at UnitedHealth's Change Healthcare subsidiary. • Attackers, linked to North Korean Lazarus Group, exfiltrated data over 72 hours before detection, demanding $22 million ransom. • Incident highlights vulnerabilities in US healthcare IT supply chains, prompting HHS emergency directives for 500+ providers.

• CrowdStrike disclosed on April 20, 2026, a sophisticated supply chain attack affecting 1,200 US clients, including Fortune 500 firms, via compromised third-party software. • Attackers deployed ransomware, encrypting critical systems and demanding $50 million in Bitcoin; no data exfiltration confirmed yet. • The incident highlights rising risks in software supply chains, echoing SolarWinds breach, with FBI joining investigation.

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEABusiness live – latest updatesMiddle East crisis – live updatesEurope has only six weeks’ supply of jet fuel left before shortages will hit because of the Iran war, according to the head of a global energy watchdog.Fatih Birol, the executive director of the International Energy Agency (IEA), said there would be flight cancellations “soon” if oil supplies from the Middle East were not restored within the coming weeks. Continue reading...

After Singapore last week, the PM visits supplier of 9% of Australia’s diesel as treasurer travels to Washington for G20 finance ministers’ meetingGet our breaking news email, free app or daily news podcastAnthony Albanese has arrived in Brunei Darussalam, the first Australian prime minister to fly to the oil-rich country for a meeting with the sultan, where he’ll discuss fuel supplies with the world’s longest serving monarch, Andrew Greene has reported from the travelling media pool.Arriving in Bandar Seri Begawan yesterday for his second trip to Asia in a week, Albanese was officially welcomed on the tarmac before making his way to the Brunei Darussalam-Australia memorial to lay a wreath. Continue reading...

Government seeks to shore up Australia’s supply of diesel, fertiliser and other critical goods. Follow today’s news liveGet our breaking news email, free app or daily news podcastPrime minister Anthony Albanese and foreign minister Penny Wong will visit Brunei and Malaysia this week as the government seeks to shore up Australia’s supply of diesel, fertiliser and other critical goods in the wake of shortages ccaused by the US-Israel war on Iran.Albanese will travel first to Bandar Seri Begawan in Brunei on Tuesday for a meeting with the sultan, Hassanal Bolkiah, to discuss “energy, food security, and the flow of essential goods between our countries,” according to the PM’s office. Continue reading...

Follow the day’s news liveAlbanese didn’t return with shiploads of diesel. That doesn’t mean his Singapore visit wasn’t a successGet our breaking news email, free app or daily news podcastThe Australian government is launching a new advertising campaign to encourage the public to minimise their use of fuel amid the global crisis caused by the US-Israel war on Iran.The TV, digital and billboard campaign, which will begin rolling out on Monday, is called “Every little bit helps” and is part of the second level of the government’s four-tier fuel security plan.…lays the groundwork for Australians to understand what to do now as fuel supplies hold up. It also signals that instructions will be communicated if and when we move to future levels.This campaign will help communicate the Government’s plan to the public and outline what actions they can take to help.The global fuel shortage is affecting us all and every little bit helps. From running errands in fewer trips to only filling up with the fuel you need, this will help us keep essential services moving. Continue reading...

• Crude oil futures surged above $85 per barrel Thursday, driven by ongoing supply constraints from geopolitical tensions and maintenance shutdowns at major U.S. refineries affecting production capacity. • Energy stocks in the S&P 500 gained 2.1% on the session, with exploration and production companies outperforming as rising commodity prices improve profit margins and cash flow forecasts. • Analysts noted that refinery capacity utilization fell to 87% this week, the lowest level since January, suggesting tighter margins ahead for integrated energy companies dependent on downstream operations.

• The US administration reports that the Iran war is rattling the medical supply chain, affecting essentials from gloves to helium used in MRIs. • Shortages threaten hospitals nationwide as key imports from affected regions halt abruptly amid escalating conflict. • Medical leaders warn this could delay treatments and surgeries, exacerbating existing vulnerabilities in US healthcare logistics.

Government investment in Tata-owned Agratas plant expected to boost economic growth and secure jobs The Somerset battery factory due to supply Jaguar Land Rover is to receive £380m in UK government funding as it pushes ahead with construction despite delays.JLR, Britain’s largest automotive employer, is due to receive batteries from the site to make electric versions of its Range Rover and Jaguar models. The Indian conglomerate Tata owns JLR and the electric vehicle (EV) battery factory under its Agratas subsidiary. Continue reading...

Shipments of fuel into Australia secure until at least the middle of May, energy minister saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia could get more fuel from the US, Mexico or its Asian neighbours, with a new government policy helping refineries bid for oil shipments as diesel prices spike to new record highs.Anthony Albanese is flying to Singapore on Thursday to lock in ongoing petrol supplies from our biggest source of refined fuels. On his way out of Australia, the prime minister confirmed that the government had used new powers to extend assistance to Ampol and Viva refineries, with Canberra to underwrite their efforts to buy new shipments of oil on the open market. Continue reading...

Members reportedly agree rise of 206,000 barrels a day in May but move symbolic with strait of Hormuz effectively closedMiddle East crisis – live updatesIranian drones struck Kuwait’s oil infrastructure on Sunday, causing “severe material damage” that threatened to further disrupt oil supplies already hit by the US and Israel’s war with Tehran.It came hours before members of the Opec+ group that represents major global oil suppliers gathered to discuss how to bolster output despite Iran’s effective closure of the crucial strait of Hormuz shipping route. Continue reading...

Federal government chases supply guarantees from countries including Singapore, South Korea, Malaysia and Japan amid Iran warGet our breaking news email, free app or daily news podcastAsian trading partners have reassured Australia that the “normal supply” of fuel will continue amid the Middle East conflict, as the government prepares to intensify efforts to avert shortages of petrol and diesel.The federal government has been chasing supply guarantees from countries including Singapore, South Korea, Malaysia and Japan as the Iran war and closure of the strait of Hormuz wreaks havoc on the global oil market. Continue reading...

As Trump suggests Middle East oil disruption is not his problem, experts say talk of US ‘energy independence’ is a smokescreen – with consumers paying the priceA month has passed since the US and Israel’s war on Iran all but closed the strait of Hormuz, through which about a fifth of the world’s oil supplies typically flow. Prices have surged, amid fears of sustained disruption to global supplies.Donald Trump argues this is not his country’s problem. “Go get your own oil!” the president urged countries, including the UK, earlier this week. The US has “plenty”, he added. The US is “totally independent” of the Middle East, the president claimed in a prime-time address on Wednesday. “We don’t need their oil.” Continue reading...

• AI recruiting platform Mercor confirmed a cybersecurity incident from a supply chain attack on open-source project LiteLLM, with hacker group Lapsus$ claiming data access and theft. • The breach exposed Mercor's systems, highlighting vulnerabilities in AI supply chains used by startups for model integration. • This incident underscores rising risks for AI firms relying on third-party libraries, potentially impacting hiring trust and data security standards.

• The U.S. government has designated Anthropic's Claude AI model as a potential supply-chain risk amid evaluations for military applications. • This follows Department of Defense introductions of new guardrail policies for military AI use, with xAI’s Grok also entering classified systems. • The move highlights growing scrutiny on AI models' security and reliability for national defense.

Albanese announces forthcoming legislation to guarantee private sector purchases of fuel and fertiliserThe Australian government will take on the financial risk of importing essential products affected by the war in the Middle East to get additional supplies of petrol, diesel, and fertiliser into the country.The prime minister, Anthony Albanese, announced the new fuel security powers on Saturday after a month of soaring diesel and petrol prices and widespread shortages at service stations, particularly in regional Australia. Continue reading...

Intelligence reports find Russia is close to completing phased shipment of drones, medicine and foodMiddle East crisis – live updatesIntelligence agencies in Europe believe Russia is in the final stages of preparing to supply supply drones to Iran for use in its war with the US and Israel, according to a senior European official.Russia has already been providing intelligence sharing with Tehran to help it target US forces in the region, the official said, but the upcoming delivery of explosive-laden drones would mark the first evidence of lethal support since the start of the war. Continue reading...

Latest figures from ACCC show diesel and unleaded petrol prices across the five largest cities up 10% and 8% respectivelyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe prime minister and energy minister moved to reassure the public about normal or even higher levels of fuel supply in the coming weeks, as the Coalition escalated calls for a cut to the fuel excise and the government downplayed the prospect of any major restrictions on petrol sales.It comes as the latest figures from the consumer watchdog showed diesel prices across Australia’s five largest cities have risen by an average of 10% over the last week, while unleaded petrol was up 8%. Continue reading...

• U.S. District Judge Rita Lin ruled in favor of AI firm Anthropic, temporarily blocking the Pentagon from branding it a supply chain risk after failed defense contract talks. • The ruling also halts President Trump's directive for federal agencies to stop using Anthropic's Claude AI, following a hearing on March 24 in San Francisco federal court. • Judge Lin criticized the measures as punitive rather than protective, noting the government could simply cease using Claude without broader actions.

• Anthropic filed a lawsuit in San Francisco federal court on March 24, 2026, urging a judge to block the Pentagon's designation of the AI firm as a supply-chain risk. • The company described the label as 'unprecedented and stigmatizing,' amid a feud with the Trump administration over potential AI use in warfare. • A hearing occurred on Tuesday before Judge Lin, with Anthropic also filing a separate case in Washington, D.C. federal appeals court.

• The U.S. National Science Foundation on March 24, 2026, named winners of the multi-year Critical Minerals Challenge, including alkaLi Labs, ChemFinity Technologies, Intel-E-Waste, and University of Wisconsin-Madison, to secure domestic supply chains for lithium, cobalt, rare earths, and other metals. • Winners develop innovations like engineered biosorbents recovering lithium from byproducts, tunable polymer sorbents capturing over 25 metals at room temperature, modular e-waste processing platforms, and electrochemical electrodes generating acids in situ. • The program, co-designed with Germany’s SPRIND Tech Metal Challenge, uses donated e-waste from IBM and Aurubis with U.S. Naval Research Laboratory collaboration for national security relevance and real-world validation.

• Broadcom announced supply chain bottlenecks across the tech sector, particularly at TSMC, due to skyrocketing demand for AI chips on March 24, 2026. • The constraints affect networking, custom silicon, and data-center hardware critical for AI infrastructure beyond major model developers. • This highlights the AI hardware race creating opportunities for startups to innovate in chip manufacturing tools amid industry-wide shortages.

Experts say brutal temperatures in west threaten to melt sparse snowpack – and warn hot, dry conditions here to stayA stunning heatwave that shattered records in the US west is threatening to rapidly melt the sparse snowpack and ramp up wildfire risks in the seasons ahead.March has already been historically hot, but the early onset of summer weather across the region may be here to stay. There’s little reprieve in forecasts, which show more heat records may fall this spring. Continue reading...

Chris Bowen says move aimed at accessing fuel imports from markets with lower burning temperatures, including the US, Canada and EuropeGet our breaking news email, free app or daily news podcastAustralia’s diesel standards have been temporarily lowered as the federal government rushes to shore up fuel supply, with hundreds of service stations running empty and warnings deliveries from key Asian suppliers could slow as soon as early April.The energy minister, Chris Bowen, said on Tuesday the government had lowered the technical threshold for diesel, known as the flashpoint, in order to access supply from imports from markets with marginally lower burning temperatures, including the US, Canada and Europe. Continue reading...

Shipments to Russian smelters from Aughinish Alumina have increased sharply since the invasion of UkraineA leading Irish metals refinery is part of an international aluminium supply chain that appears to conclude with shipments to arms producers feeding the Kremlin’s war machine in Ukraine, leaked records and public data suggests.Trading records show that shipments to Russian smelters from Aughinish Alumina, which is located on the Shannon estuary in the west of Ireland and has been owned by the Russian aluminium group Rusal since 2006, have increased sharply since the invasion of Ukraine in 2022. Continue reading...

Energy minister Chris Bowen says ‘we’re a long way’ from further action like fuel rationing despite shortagesHundreds of service stations across Australia have run out of fuel, with the federal government inking a deal with Singapore, one of our biggest sources of refined petroleum, to keep supplies of diesel and gas flowing.Concerns are now broadening to supplies of fertiliser and other chemicals, heaping more pressure on the Albanese government’s leveraging of overseas exports of coal and gas in a bid to handle of the crisis. Continue reading...