Australia's Minister for Climate Change and Energy, Chris Bowen, is rushing to ensure fuel supply as the Iran war escalates disruptions and raises the risk of panic buying and shortages that could impact mining and agricultural industries. The International Energy Agency (IEA) requires members to hold at least 90 days of fuel stocks, a target Australia has not met for over a decade. Australia's domestic reserves hold 36 days' worth of petrol, 34 days of diesel and 32 days of jet fuel, the highest levels in over 10 years. The Australian Strategic Policy Institute suggests relaxing the baseline stock obligation for petrol and diesel could free roughly 5 million barrels of oil. However, analysts suggest building larger fuel stocks is a viable option without increasing petrol prices.