Thousands of young workers will receive at least three $100 fuel vouchers during the next few months to help them survive the current fuel crisis. One of Australia's largest trade unions, the CFMEU, said on Thursday it would hand out the vouchers to eligible first and second-year apprentices every four weeks for the next three months. Oil prices have skyrocketed since the Middle East conflict began on February 28. The war has resulted in the closure of the Strait of Hormuz shipping lane, which is responsible for the transportation of 20 per cent of the world's oil supply. Before the war, crude oil prices were trading around US$65 a barrel and have since risen to as much as US$120 a barrel. The union felt the need to hand out the vouchers due to the immense pressure its least paid workers were facing due to the rise in fuel prices along with the cost-of-living crisis. Read more at the link in bio #costofliving #fyp #fuel #tradie #australia
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