The US guaranteed its oil, why can’t Australia?

CARSON, CALIFORNIA - APRIL 02: In an aerial view, the Marathon Petroleum Corp's Los Angeles Refinery is seen on April 02, 2026 in Carson, California. Oil prices surged over 10 percent in volatile trading, with both Brent and U.S. crude jumping sharply after President Donald Trump warned of intensified military action against Iran and signaled the conflict could drag on, raising fears of prolonged supply disruptions. (Photo by Justin Sullivan/Getty Images)

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