Prime Minister Anthony Albanese announced a significant new jet fuel supply agreement with China, which will provide Australia with 660,000 barrels of jet fuel. This announcement comes as Albanese reported that the country's fuel reserves have improved, with current stocks showing 43 days of petrol, 38 days of diesel, and 31 days of jet fuel—all exceeding levels recorded prior to the onset of the global energy crisis. The Prime Minister made these remarks alongside Energy Minister Chris Bowen in Canberra, highlighting the importance of the deal in stabilizing supply chains amid ongoing global disruptions. Albanese noted that discussions with Chinese Premier Li Qiang were crucial in securing this agreement, which follows Foreign Minister Wong's recent visit to China. Despite these positive developments, Albanese cautioned that the situation remains volatile, particularly due to disruptions in global shipping routes, indicating that the economic impacts of the ongoing conflict may persist even after it concludes.