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.
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.
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.
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.
How a US assault on Iran’s Kharg Island would unfold
Seizing the oil export hub by sea or air would choke the regime, but risks dragging American troops into an open-ended conflict.
Trump taps Zuckerberg, Andreessen and Huang for tech council
It’s the latest marker of the nexus between Silicon Valley and the Trump administration that will focus on AI policy and other science-related issues.
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.
Not in the dictionary, but no mistaking envoy’s meaning
Japan’s ambassador to Australia says any change to gas taxes will curtail investment and Australia’s reputation as a reliable energy partner.
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”.
Iran may have just de-escalated. Here’s what investors must do
Markets are wary about Donald Trump’s declarations about the war ending. But one strategist says they should also watch Tehran’s actions, not its words.
This is an energy emergency: Entire countries may run out of oil
Some 10.5 million barrels a day of production has been closed because countries have run out of storage or face drone attacks on offshore rigs.
Colonial bulks up on private credit as Iran war promises higher rates
The increase in allocation to fixed income assets is just one way that major superannuation investors are reworking portfolios to protect against volatility.
Trump visits Graceland, muses about beating Elvis in a fight
The US President took a surprise tour of the music legend’s former estate, one of the most visited tourist sites of its type in the US, during a trip to Memphis.
Fresh or fake TACO, we’ve got an off-ramp. Now only one thing matters
Donald Trump’s sudden backflip on Iran offers hope that a way out of this war is possible. But while the Strait of Hormuz stays shut, the mess is far from over.
Trump’s Iran playbook was written in the 1980s
It’s a stretch to call this a war foretold, but the US president’s playbook on the Islamic Republic has long been in plain sight.
