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    Treasury's impossible task: Prepare a budget as oil shock unfolds

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    Source: ABC News
    Published: 2026-04-27 04:30 UTC+10:00
    Section: General
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Middle East, Iran, Energy, Economy & Finance, Tax & Budget, World News, Business & Economy
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    Snippet:
    If the Strait of Hormuz is still closed by June, policymakers like Treasurer Jim Chalmers will face tough decisions. (ABC News: Luke Stephenson)
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