Australia explores new refinery as miners grapple with diesel volatility

Iran tensionsWhitehaven CEO says uncertainty over costs makes budgeting difficultAustralia is considering building a fuel refinery in Karratha, Western Australia, amid ongoing supply concerns caused by the U.S.-Iran war. © APSHAUN TURTONJuly 28, 2026 15:19 JSTCANBERRA -- Australian authorities will study building the country's first new fuel refinery since the 1960s as volatile diesel prices triggered by the Iran war continue to cause headaches for the country's mining industry.