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Australia's government has taken swift action to alleviate the financial burden on its citizens, announcing a plan to cut petrol and diesel taxes by half from April 1 to June 30. This move comes as the international benchmark for crude oil surged above $116 a barrel, its highest level in nearly two weeks, amid the escalating conflict in the Middle East.Prime Minister Anthony Albanese made the announcement on Monday, stating that the fuel excise would be reduced by half in recognition of the 'financial stress' caused by rising energy prices. The cut is expected to reduce the cost of petrol by 26.3 Australian cents ($.18) per litre, saving motorists nearly $19 ($13) on a 65-litre (17-gallon) tank of fuel.Albanese emphasized that the government is acting to be 'over-prepared' as the impact of the war on the other side of the world plays out in Australia. The government will also suspend its charge on heavy vehicles for three months. While Australia is a major exporter of coal and natural gas, the country sources about 80 percent of its refined fuel needs from overseas.However, some critics argue that the tax cut may not have a significant impact, as petrol prices have risen by about 33 cents ($0.21) per litre in the past two weeks alone. The National Roads and Motorists' Association in Australia noted that a similar tax cut after Russia's full-scale invasion of Ukraine in 2022 was barely felt by motorists.Despite these concerns, the Australian government remains committed to supporting its citizens during this challenging time. Minister for Energy Chris Bowen assured parliament that Australia's energy supply remains secure, with all expected fuel deliveries arriving as scheduled, and that the country has 39 days of petrol in emergency stockpiles, as well as about 30 days each of diesel and jet fuel reserves.

The Israeli attacks on Lebanon have pushed the country's population to the brink of a humanitarian crisis, with millions of civilians suffering and nearly a quarter of the population displaced. The conflict, which began four weeks into the US-Israeli war on Iran, has resulted in 1,094 deaths and 3,119 injuries in Lebanon, according to the country's Ministry of Public Health.The displaced are extremely frustrated and fatigued, with many feeling the pressure of deadly Israeli attacks, increasing petrol prices, and a general slowdown in business. The crisis has hit the most vulnerable populations, including migrant workers, Syrians, and those with chronic diseases.The humanitarian situation is dire, with women, children, and those with psychological issues suffering the most. The mass evacuation orders have resulted in a massive displacement crisis, with at least 1.2 million people displaced, according to the Lebanese government. The crisis has also had a significant impact on the country's healthcare system, with many women displaced from their healthcare networks.The never-ending trauma of the conflict has also taken a toll on the mental health of the population, with three in five people in Lebanon screening positive for depression, anxiety, or PTSD. The National Lifeline in Lebanon (1564) for Emotional Support and Suicide Prevention Hotline has seen a substantial increase in calls, with almost 50 calls a day, up from 30 a day during the 2024 Israeli attacks.

Iran has issued a stern warning that it will show 'zero restraint' if its energy infrastructure is attacked again. This comes in the wake of a retaliatory strike on Israel's critical South Pars gasfield, which provides 80% of Iran's natural gas needs.Foreign Minister Abbas Araghchi stated that Iran's response to Israel's attack was a mere fraction of its capabilities, and that the only reason for restraint was respect for requested de-escalation. 'ZERO restraint if our infrastructures are struck again.'The conflict has significantly impacted Qatar's energy production, with 17% of Qatar's LNG export capacity wiped out, resulting in an estimated $20bn in lost annual revenue. The strikes have also threatened supplies to Europe and Asia.QatarEnergy's CEO, Saad al-Kaabi, revealed that repairs will sideline 12.8 million tonnes of LNG production per year for three to five years. He emphasized that the scale of the damage has set the region back 10 to 20 years.The situation has heightened tensions with Iran's Arab Gulf neighbors, who have condemned the strikes as a violation of international law. Iran has effectively blocked the Strait of Hormuz, a critical Gulf waterway through which about one-fifth of the world's oil and LNG supplies transit, driving soaring petrol prices and global concerns about rising inflation.