Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

As you know, President—through you to Senator Cash—the Prime Minister has held a National Cabinet today to deal with the fuel supply and supply chain issues which are impacting our economy. I will come to some of the announcements made which go to the response to Senator Cash.

I would start by saying first that the conflict in the Middle East represents an unprecedented shock to energy markets, and, the longer it goes, the more significant its impacts are here in our economy but also in the global economy. The National Cabinet today agreed to a national fuel security plan for governments to work together to keep Australia open and the economy moving. The Prime Minister went to that plan in his announcement today, and he explained that there are four levels in this plan. We are currently at level 2, which is—