Today
Trump urges Israel and Saudi Arabia to normalise ties after Iran war
Prime Minister Anthony Albanese unveils new fuel security powers amid a deepening supply crunch; an Iranian strike wounds US troops and damages aircraft at a Saudi base; Follow live updates.
Wall St plunge, bond ‘crisis’ show investors are losing faith in Trump
The president’s sprinkles of compromise are no longer enough to override the realisation that the economic effect of the war – and the fighting – will stick around for a while yet.
Yesterday
Australia warns travellers of strikes on Dubai hotel; US deploys ‘drone speedboats’
DFAT has urged travellers to seek shelter over possible strikes on a Dubai hotel; Drone speedboats have been deployed into the Middle East; Anthony Albanese says six tankers of fuel en route; direct talks with Malaysia for supply ongoing. Follow live.
Cyclone forces WA LNG shutdowns, worsening global gas crunch
More than a quarter of global LNG supply has been knocked out by the suspension of exports from Qatar and disruption to WA operations from Cyclone Narelle.
The US won’t protect you, top diplomat warns Australia
Former DFAT boss Peter Varghese has urged the Albanese government to pursue a more self-reliant defence policy, arguing US global primacy is not a key interest.
PM says fuel supply ‘remains secure’; NextDC ices $500m deal; 24 days to disaster
Read everything that’s happened in the news so far today.
As the world burns, Canberra fumbles
The economic effects of the Iran crisis make the Albanese government’s budget decisions harder – but also more necessary to make tough choices. That’s not happening.
Think private credit fears are overblown? Think again, says Deutsche
Apollo Global Management, BlackRock and Blue Owl have played down concerns about systemic risk in the private credit sector. The German bank isn’t so sure.
Why a market downturn is the best time to boost super contributions
Boosting contributions now lets you buy more units at lower prices, reducing your average cost and accelerating gains when markets rebound.
Solar for Cuba: How Xi is turning Trump’s war into a China win
The carnage unleashed by the US-Iran conflict has exposed the fragility – and concentration – of fossil fuel supply chains. One country is winning from the chaos.
24 days to disaster: Trump’s new deadline won’t change oil shock maths
It’s hard to avoid thinking Trump’s fresh cut-off for a deal with Iran wasn’t prompted by a sell-off on Wall Street. Whatever the case, he’s running out of time.
Is Iran holding back its deadliest missiles?
Tehran’s unused arsenal has played on the nerves of Gulf states. It may have been destroyed, or will only be used when adversaries run short of interceptors.
This Month
Pentagon reportedly plans ‘final blow’ in Iran; Trump threatens more bombings
The US is reportedly preparing options for a dramatic military escalation in Iran; Israel says it has killed the head of the IRGC navy. Follow live updates.
Auction rates crash as higher rates, Iran war takes toll on buyers
The proportion of real estate sold last weekend fell to its lowest level in 15 months amid fears the Middle East conflict will send interest rates soaring.
Trump insists Iran desperate for a deal as crisis deepens
Iran’s foreign minister insisted peace talks with the US were not under way, contradicting the White House as the war’s economic and humanitarian toll mounted.
Labor backs above-inflation minimum wage rise to combat fuel shock
The Albanese government has called for “sustainable real increase” in the minimum wage for millions of workers despite fears a big rise will fuel inflation.
Investors to splash $23b on battered ASX as BHP, CBA pay out
Australia’s biggest companies are paying out billions in dividends over the next fortnight that could turbocharge a rebound in the sharemarket.
Payday for Putin as Iran war delivers energy windfall
The Kremlin’s oil sales are expected to double this month as Russia profits from the price surge and sanctions waivers.
Wartime inflation shock ‘catastrophic’ as fertiliser, plastics soar
The soaring price of lesser known commodities from the Iran war is a double whammy for farmers and manufacturers that have already been hit by the oil shock.
Influencers are earning big money to make one sector young and hip
They are helping cruises shake off the image that such holidays attract older travellers and those mostly interested in all-inclusive drinks packages.
