Iron ore miner Fenix Resources came within days of running out of diesel fuel as Middle East tensions disrupt global supply chains. The ASX-listed company, which operates three mines in Western Australia's Mid West, normally maintains five to ten days of fuel inventory but saw supplies dip to just one or two days since the conflict began. Fenix was forced to scale back non-essential operations to preserve core mining and logistics activities. Executive chairman John Welborn stated the crisis has prompted a strategic rethink about the company's heavy reliance on diesel fuel. The Western Australian government has created an industry taskforce to assess the broader impact of fuel shortages on regional businesses and is pressuring fuel distributors to prioritize regional supplies under emergency powers.
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