Today
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.
‘It will affect everything’: This was the week the war hit home
The war is no longer distant. From farms to supermarkets, the shock is spreading through the economy, and Australia could be pushed towards recession if it drags on.
Yesterday
Hotels, warships and now banknotes. Trump gets his name on US currency
The US president’s signature will appear on US dollars starting later this year, an unprecedented change for the greenback.
Rinehart cheers young Aussies on MAGA fact-finding mission
Young Australian conservatives backed by entrepreneur Steve Baxter bumped into Australia’s richest person in Texas at a politician action conference.
After Trump’s rebuke, Washington insider backs Albanese’s war effort
The US president hit out at Australia’s war effort, as he again extended a deadline for Tehran to open the Strait of Hormuz or face strikes on its power plants.
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.
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.
This Month
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.
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.
China has already won the Iran war
Donald Trump had better do a deal with Iran soon. If the Strait of Hormuz is closed for another month, it is game, set and match to the Russo-Chinese axis.
Labor backs above-inflation minimum wage rise; Frustration within government over fuel; Markets ignore energy shock
Read everything that’s happened in the news so far today.
Robot joins Melania Trump at White House event to tout AI teachers
The humanoid robot, which introduced itself as “Figure 03”, joined the first lady to welcome first spouses from around the world to a technology summit.
Hip pocket pain comes for shoppers – and for supermarket giants
Woolworths and Coles had hoped a year under fire – amid accusations of price gouging – would give way to easier times. A wave of price increases won’t help.
Stand up to whinging gas giants
Readers’ letters on a controversial drawing in The Australian Financial Review, gas tax, replacing Jacinta Allan, and self-managed superannuation funds.
The ASX is a defensive bet. So why has it fizzled during the Iran war?
Investors usually look to the Australian sharemarket as a safe haven. But this month it tanked, as the Middle East conflict hurt miners and the big banks.
Minerals over meat: EU farmers rail against trade deal with Australia
Agriculture lobby groups are unhappy with new duty-free access for Australian beef, sheep and sugar, but luxury carmakers want speedy passage of the FTA.
Here’s what Trump’s former Iran tsar makes of the current conflict
Brian Hook once managed relations with Iran. The Cerberus vice chairman is now hunting investment opportunities in an “era of great power competition”.
