A major fire at the Geelong oil refinery in Victoria has disrupted 10% of Australia's national refined fuel supply during a critical period of global fuel shortages caused by the closure of the Strait of Hormuz amid the Iran conflict. The Prime Minister has travelled to Geelong to assess the damage at the facility, which supplies more than half of Victoria's fuel. Energy analysts warn of severe supply challenges as Australia must now source additional refined fuels from international markets that have limited spare capacity.

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