'Populist nonsense' - Australia’s 36-day fuel gamble exposed as Iran war ignites global oil crisis

Australia faces a dire economic reckoning as regional conflict and a blockaded Strait of Hormuz reveal the nation’s "unprepared and vulnerable" 36-day fuel stockpile, far short of international obligations. Michael McLaren says decades of "populist nonsense" and a blind faith in just-in-time supply chains have left Australia standing on a "national security gamble" while global powers like China secured 100-day reserves.See omnystudio.com/listener for privacy information.