Australia Plans $700 Million Support for Firms Hit by Fuel Costs

Australian Prime Minister Anthony Albanese called on citizens to save fuel and plans financial support for businesses hit by soaring energy costs in the wake of the Iran war.

In a rare speech to the nation Wednesday, Albanese said Australians should save fuel by switching to public transport and prepare for the possibility of difficult times. On Thursday, he’s expected to announce A$1 billion ($700 million) in interest-free loans for businesses.