2 Filipino sailors killed in Iran’s attack on vessel, Saudi Arabia says

This article documents Iranian kinetic action against commercial shipping in the Strait of Hormuz, a critical chokepoint for ~20% of global oil and LNG trade. For Australia, which imports ~50% of refined fuel and relies on Hormuz-transiting LNG, an escalation toward sustained closure would directly threaten fuel reserves and industrial continuity, undermining Resource Sovereignty and Decoupling pillars.