Australia

Australia is in a stable position with low overall risk, primarily due to its substantial 180-day oil reserves and minimal 20% crude oil import dependency. Although it imports most refined oil products, its robust reserves and status as a gas exporter provide significant energy security. Gasoline prices are elevated at $1.72/L, but food risk remains low and fertilizer price increases are manageable at 22%. The country's strong economic fundamentals and strategic reserves will continue to buffer it from severe impacts in the coming weeks, ensuring stable energy supply despite global volatility.