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Iran and the US have exchanged devastating strikes, with Iran hitting an airport in Kuwait, killing one person and injuring 60 others. The Strait of Hormuz has been closed for months, prompting the International Energy Agency to release emergency fuel stocks since March. These emergency reserves are expected to be exhausted by July-August, after which global fuel shortages will intensify, with Australia particularly vulnerable due to its dependence on Asian refineries that relied on the Strait of Hormuz. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.
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