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Australia’s debt bill is about to fall due

Federal Treasurer Jim Chalmers has dashed hopes of any new cost-of-living relief, warning that his Government is about to be hit with billions of dollars in extra costs to service its debt. “You will see in the mid-year budget update a magnitude of some billions of dollars, unfortunately”, Chalmers told the media on Sunday. “There The post Australia’s debt bill is about to fall due appeared first…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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Standard Chartered Says Hormuz Oil Flows Are Far From Normal

Oil flows through the Middle East have staged an impressive rebound, with export volumes recovering to near pre-war levels even as traffic through the Strait of Hormuz remains well below normal.

  • Oil exports from Middle East near pre-war levels at 16.5 million barrels/day in September
  • Only 60% of barrels passed through Hormuz strait, down from 83% pre-war
  • Complex workarounds like ship-to-ship transfers increase costs and voyage times

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