Shane Jones: Associate Energy Minister and Resources Minister on the Government's new Ministerial Oversight Group

The Government's working to stay ahead of the effects of the war in Iran.

Crude oil prices have topped $100 USD a barrel for the first time since 2022, and our petrol prices surged another 14 cents over the weekend.

An economic security Ministerial Oversight Group is being set up - to focus on fuel and supply chains.

Associate Energy Minister and Resources Minister Shane Jones says it'll need high-quality, regular information.

"In respect of logistics, supply lines and shipping arrangements, this needs to be stood up ASAP."

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