Albanese signals fuel excise cut may be extended to help motorists amid Middle East crisis

Anthony Albanese has signalled the federal government is open to extending the temporary cut to the fuel excise to help cushion motorists from a months-long tail from the Middle East conflict. The prime minister also welcomed the announcement of a peace deal between the US and Iran to end the war and reopen the strait of Hormuz. But Albanese cautioned that it would take at least “many months” for global oil trade to return to normal even after the effective blockade of the strait is lifted. …