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The federal government says it is considering ways to help its allies protect the Strait of Hormuz from further attacks amid the Middle East conflict.Iran has retaliated to US-Israeli strikes by effectively blocking the strait, a critical passage for the transportation of oil and gas.Australia has signed a joint statement offering to contribute to efforts to protect the strait and the defence minister says discussions about next steps are ongoing.The Prime Minister Anthony Albanese says the signing of a new free trade pact marks a defining moment in the relationship between Australia and the European Union.The deal, which has been finalised after 8 years of negotiations, is expected to be worth $10-billion to Australia's economy annually.Europe and Australia have also approved a defence partnership, that'll provide a framework for the two sides to strengthen cooperation.The education union has told crowds of public teachers in Melbourne that every public primary and secondary school in Victoria is affected by strikes today.Thousands of teachers, principals and support staff, many from outer Melbourne suburbs and regional areas, are demonstrating in the CBD.They're calling for a 35 per cent pay increase over four years and have rejected the state government's offer of 17 per cent.
Prime Minister Anthony Albanese and European Union President Ursula von der Leyen have given the green light to the Australia-EU free trade deal at a joint press conference in Canberra. Australian shares are up higher after US President Donald Trump backed down on his threat to bomb Iran's energy grid and it comes after steep falls on global markets yesterday. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The wild ride on global markets continues today after US President Donald Trump backed down on his latest threats to bomb Iranian civilian infrastructure. The Victorian Education Minister insists all public schools are open today, with hybrid teaching arrangements, despite 30,000 education staff walking off the job. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Australian stocks, like those in America, are set to go higher this morning following what looks like at least a temporary reprieve in a major escalation in the war in the Middle East. About 30,000 public school teachers in Victoria are walking off the job for the first time in 13 years today, over wages and conditions. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The price of oil has dropped overnight after US president Donald Trump backed down on his threat to bomb Iran's power plants. But the key oil and gas shipping passage, the Strait of Hormuz, still remains closed and the price at the bowser continues to be very high for Australians. The war is having far reaching consequences throughout Australia as soaring fuel costs force people to work from home and reconsider their spending.Australian wine producers will likely be able to keep using the word 'prosecco' when selling to the domestic market under a long-awaited trade deal with the European Union. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Global oil prices have fallen and American stocks have bounced back after US President Donald Trump said he was postponing strikes on Iran's power plants for five days. But Iran has rejected the president's claims they have held productive conversations about a complete and total resolution to the conflict.The speaker of Iran's parliament says it is fake news to manipulate the markets. Australia's peak farming body is warning consumers the price of groceries is about to jump as producers and the freight industry grapple with diesel price hikes and supply issues from the war in the Middle East.Australia and the European Union look set to finally sign off on a long-awaited free trade pact after almost a decade of negotiations.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Australians are already changing the way they do things, as the war in the Middle East starts to affect not only prices, but also anxiety levels.
US stocks have surged and oil prices have dropped after US President Donald Trump backed down on his threat to bomb Iran's power plants, if it did not open a key shipping lane. The president says there's been productive talks with Iran, and he's even suggested the regime wants to make a deal to end the war. But Iran's contradicting Donald Trump and says his comments are fake news to manipulate global oil and financial markets.While in Australia, governments and industries are scrambling to deal with the soaring cost of fuel.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
US President Donald Trump claims America has had productive talks with Iran, and it will postpone strikes on its power plants after high stakes threats between the countries.But Iran rejects the president's claims and the speaker of its parliament says no negotiations have taken place, calling Donald Trump's comments fake news to manipulate the financial and oil markets. In other news teachers are going on strikes in Victoria, a major trade pact is expected to be signed off and an ex tropical cyclone moves over to the Kimberley.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The head of the International Energy Agency says Asia is at the forefront of the current oil crisis. Last week Dr Fatih Birol described the current circumstances as "the largest supply disruption in the history of the global oil market".The head of the agency says he feels that decision-makers do not appreciate the depth of the problem.Iran has threatened to attack electrical plants in the Middle East powering American military bases, as US President Donald Trump's deadline on opening the Strait of Hormuz approachesMr Trump has warned that Iranian power plants would be targeted if Tehran failed to "fully open" the Strait of Hormuz to all shipping within 48 hours.Meanwhile, Israel and Iran are continuing to trade strikes, with a wave of attacks reported across Tehran and Tel Aviv.One Nation remains in contention to win additional Lower House seats following South Australia's election, with vote counting continuing today.One Nation has already gained one Lower House seat, compared to four for the Liberals and 32 for Labor.The party is well placed in Hammond, to the east of Adelaide, with One Nation's candidate Robert Roylance polling 27 per cent of the primary vote.There are also close contests in MacKillop and Narungga, with the Liberals and One Nation battling for those seats.
Top US Democrats have been calling for the war on Iran to end, as the conflict threatens to escalate further.U-S President Donald Trump warns he will obliterate Iranian power plants if the Strait of Hormuz is not reopened by tomorrow Australian time, while Iran insists it stands ready to completely shut access to the vital oil shipping route regardless.The Israeli military has meanwhile dampened hopes for a quick end to the conflict, saying it's expected to last several more weeks. Federal energy minister Chris Bowen has provided an update on several Australian states where services stations have run out of fuel.He says 37 out of about 2,400 service stations are without fuel in New South Wales, 37 are out of both diesel and petrol in Queensland, and in Victoria, around 50 stations are out of diesel.The government continues to urge Australians not to panic buy, as the war in the Middle East disrupts the global oil supply chain and send petrol prices surging in many areas.Climate scientists warn that the latest warnings from the United Nations' weather agency reinforce that the impact of climate change is upon us.The World Meteorological Organisation's 2025 state of the global climate report has found last year was one of the hottest on record.It confirms each of the past 11 years has been the warmest ever.
Iran is vowing to strike Gulf infrastructure if the US follows through with a threat to hit its electricity grid tomorrow.US President Donald Trump has issued an ultimatum to Tehran to fully re-open the Strait of Hormuz by tomorrow, or the US will completely destroy Iran's electricity plants.The war on Iran is now in its fourth week - Israel has admitted that it will likely last several more weeks, while Tehran continues to show off its ability to carry out attacks.US Democrats are urging the Trump administration to stop the war, which they say Americans never wanted. Vote-counting is continuing today after Saturday's South Australian election - with independent Geoff Brock now confirmed as the winner of the vast northern seat of Stuart - fighting off a challenge from One Nation candidate Brandon Turton.Eight seats remain in doubt, including three where One Nation is in the lead - Mackillop, Narungga and Hammond.So far Labor has won 32 Lower House seats, compared to four for the Liberals and one for One Nation.Australia's only manganese smelter Liberty Bell Bay in northern Tasmania has appointed voluntary administrators, consulting group EYThe smelter employs more than 200 people and has been in care and maintenance since May.ASIC has recently filed to shut down the smelter after the operators repeatedly failed to submit their annual financial documents.
The Australian share market has fallen sharply, with mining stocks hit hard, as the war in the Middle East enters a critical phase. Tomorrow the world will find out if US president Donald Trump follows through on his threat to destroy Iran's power plants, if it doesn't re-open the crucial oil and gas shipping passage the Strait of Hormuz. One Nation's result in the South Australian election is being seen as a warning to the major parties ahead of the next federal vote.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
As the effects of the war in the Middle east continue to reverberate across the globe, are we seeing a return to COVID-era supply and price shocks in Australia?
Australian stocks have fallen sharply over the prospect of a massive escalation in the Middle East war as both the US and Iran threaten to hit critical civilian infrastructure. In Australia, the transport industry is warning it is pretty close to disaster due to the soaring cost of fuel. The rise of One Nation is being described as a political earthquake in South Australia after months of the far right populist party surging in the polls. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The war in the Middle East has reached a critical point that could determine if it becomes a long-lasting conflict with enormous global ramifications. The prospect of tit for tat strikes on civilian infrastructure threatens the livelihoods of millions of people in the region who rely heavily on desalination plants for water.In Australia, soaring petrol prices are having far reaching impacts for many sectors especially farming, construction and freight. Controversial radio shock jock Kyle Sandilands has launched legal proceedings against KIIS FM owner ARN Media over its cancellation of his $100 million contract.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
The building industry in Australia is sounding the alarm bell over soaring fuel costs due to the war in the Middle East, while warning of covid-like disruptions. Ex tropical cyclone Narelle is continuing its path across Australia's north causing havoc in communities that have already been hit hard by flooding in the past month. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Iran has issued a grave threat against much of the Middle East, if US President Donald Trump follows through on his ultimatum to "obliterate" Iranian power plants if the country refuses to fully reopen the Strait of Hormuz to international shipping.Residents in the Northern Territory regional hub of Katherine are waiting nervously as river levels rise from ex tropical cyclone Narelle. This latest weather system is hitting the region while the town and surrounding communities recover from the worst flooding in decades. Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Experts are warning 'crunch time' for Australia's fuel supplies is fast approaching as oil shortages begin to hit Asian refineries.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
As the Middle East war continues to cause serious pain at the bowser calls are emerging to protect local trucking businesses.Meanwhile Iran is warning of retaliatory attacks on regional infrastructure if US President Donald Trump follows through on an ultimatum over the Strait of Hormuz.Press the 'Follow' or '+' button on this show page to add us to your playlist, so you never miss an episode.For more news, politics and current affairs podcasts go to ABC listen.
Explosions have rocked southern Beirut today, as Israel claims it's struck Hezbollah infrastructure in the Lebanese capital.Earlier today, an explosion was heard from southern Beirut, with a cloud of smoke seen rising over the skyline.Israel also says it's made another wave of strikes on infrastructure across Iran including several long-range ballistic missile launch sites it says were prepared for launch toward Israel.Iran's UN ambassador says US-Israeli attacks have killed at least 1,300 Iranian civilians and wounded thousands.The disruption of global fuel supply chains due to the war in the Middle East is beginning to impact Australian food producers.Australian fuel wholesalers have begun rationing their supply, with federal energy minister Chris Bowen attributing panic-buying to the shortages reportedly being experienced by farmers in regional areas.The Australian share market has lurched down in response to the surge in oil, with the ASX 200 closing down two-point-nine per cent.Two Australian men have been jailed by an Indonesian court, over the murder of a Melbourne father who was shot and killed in a Bali villa last year.The pair have been sentenced for 16 years - after they told the court they killed Zivan Radmanovic, after mistaking him for another man they had been sent to intimidate.Mr Radmanovic was staying at the tourist accommodation as part of birthday celebrations for his wife Jazmyn Gourdeas.
Mojtaba Khamenei, has been named as the new supreme leader of Iran.He replaces his father, Ayatollah Ali Khamenei, who was killed in the first wave of US and Israeli strikes.Explosions have been reported throughout the Gulf States, including in Bahrain, where state owned media says 32 people were injured in an Iranian drone strike.Meanwhile, the price of crude oil has risen above US$110 a barrel as the Strait of Hormuz, a critical choke point for shipments, remains effectively closed.The surge has sent a shock through the ASX, which has ended the day 3.2 per cent lowerIt's the Australian market's worst day since the so called "Liberation Day" sell-off in April last year, and has seen the broad All Ordinaries index shed around $120 billion in value.And there've been warnings from human rights groups that Iran's Women's soccer team could face punishment when they return home.The players refused to sing the national anthem before their first Asian Cup match last week, but then saluted and sang before the second game against Australia, after a barrage of criticism from Iran.Former Socceroos captain and human rights campaigner Craig Foster says the federal government should offer protection to the team if football authorities fail to do so.
Iran has launched its first wave of missiles under its new supreme leader Moshtaba Khamenei.Iran has been launching drones and missiles against Israel and Arab Gulf states. Moshtaba is the son of Ayatollah Ali Khamenei, who was killed in US and Israeli strikes at the beginning of the Iran war.The US and Israel are meanwhile continuing their bombardment of Iran.The federal government says Australia's emergency fuel stockpiles have not yet been accessed, as the war in the Middle East disrupts global supply.Some Australian wholesalers, including United Petroleum, have begun rationing - halting supply to regional fuel distributors.Brent crude has surged more than 25 per cent, past US$115 a barrel.that's triggered a sharp sell off on the ASX. It's now down more than 4 per centThe Northern Territory government says trucks carrying food will be able to get to Katherine today.The Stuart Highway has been closed on both sides of the town since major flooding hit the region on Friday, causing supply chain issues and food shortages across the NT.Chief Minister Lia Finocchiaro says only vehicles carrying essential supplies will be able to access the town.
The conflict in the Middle East is starting to have a significant impact on Australia's economy, given the fighting looks a long way from easing.The ASX has opened with a sharp sell off and is down more than three per cent.The oil price has surged alarmingly, more than 15 per cent, and is now $100 US a barrel for the first time in more than three and a half years.Petrol prices have been rising sharply across Australia causing people to panic buy and fill up jerry cans at the bowser.The situation is also worrying farmers who rely heavily on affordable fuel and fertiliser.This comes as Iran's state media reveals Mojtaba Khamenei will replace his father Ali Khamenei as the country's new supreme leader.It means hard-liners are still in control of Iran, and that's at odds with efforts from the US and Israel to bring about regime change.It's also raised questions about whether the US and Israel will assassinate Mojtaba, like his father.Pressure's on the Australian Government to try and find a solution to stop the potential persecution of the Iranian women's soccer team who are about to return home after the Asian Cup.The team's been playing matches in Australia but they didn't sing the national anthem during one of their games, prompting backlash from the hard-line regime.Aid groups warn players are in a difficult position because even if they are offered asylum, their families could face persecution back home.
There's a new supreme leader of Iran and he's the son of the former Ayatollah Ali Khamenei.But Mojtaba might also be assassinated like his father.US president Donald Trump said earlier if his administration doesn't approve, the Ayatollah's successor won't last long.It means the hard-line regime remains in control despite the US and Israel hoping for change as it continues bombing the country.Meanwhile oil prices have surpassed $100 US a barrel for the first time in more than three and a half years as the war creates supply issues.The Federal Government's under pressure to offer protection to the Iranian soccer team, due to fears they'll be persecuted when they return home from Australia.The team didn't sing the national anthem after one of their Asian Cup games and it attracted fierce criticism from the regime.The team's management is also accused of breaching human rights by not letting players speak to the media.There's been plenty of discussion this morning about a proposed new visitor charge at one of Australia's most well-known destinations, the 12 Apostles.The Victorian Government's going to consult with local groups to figure out what the tourist tax should be, but insists locals won't have to pay.About six million visitors see the 12 Apostles every year and the fee will be spent on tourism infrastructure along the stretch of famous coast.
The United States and Israel were hoping for regime change in Iran when they attacked the country, but a fresh leadership development shows that's far from happening.The son of Ayatollah Ali Khamenei, Mojtaba has been named as Iran's new supreme leader and the decision locks hardliners firmly in control.Ali Khamenei was killed in Israeli and US strikes that kicked off the war.The appointment by Iran's top clerics comes after Israel threatened to kill any chosen successor and Donald Trump said any new leader would not last long without US approval.Meanwhile farmers say the war in the Middle East has left Australia vulnerable to shortages of fuel and fertiliser.There are concerns about fuel security as the war in the Middle East disrupts global supply.The government says Australia has sufficient fuel reserves and the consumer watchdog's monitoring retailers to prevent price gouging.Three more remote communities in the Northern Territory have been evacuated due to the ongoing flood crisis.Weather forecasters are warning a monsoonal trough could bring more rain to areas that are already saturated.A large scale emergency response was triggered over the weekend in the regional hub of Katherine after its worst flooding in almost three decades.
Iran's state media is reporting the country's Assembly of Experts has named Mojtaba Khamenei to replace his father, Ayatollah Ali Khamenei, as the country's new supreme leader.It comes after a warning from US president Donald Trump, if his administration doesn't approve, the new leader won't last long.Iran's been saying it'll target the Ayatollah's successor after US and Israeli strikes killed the supreme leader.Meanwhile the Coalition says it'll likely support the Australian Government if it considers providing military assistance to Middle Eastern nations.The government says it's considering a request from Gulf states who are being hit by Iranian strikes.But Foreign Minister Penny Wong insists Australia will not engage in offensive action against Iran.The government's also urging family members and dependants of Australian officials posted to the United Arab Emirates to leave as the country continues to be targeted by strikes.Katherine residents are facing a lengthy clean-up after the worst flooding in the Northern Territory hub in almost three decades.Separately in Queensland there are flood watches in place for much of the state.The south east could expect falls of up to 150 millimetres today.Residents in Sapphire in Queensland's central highlands are being told to move to higher ground, as authorities warn floodwaters are posing an immediate threat.
Ted O'Connor with the top storiesThe Australian Government's urging family members of officials posted in the United Arab Emirates to leave as the conflict in the Middle East continues.The latest advice from the federal government comes as the UAE continues to be targeted by strikes.The government's also considering a request from Gulf states to provide military assistance.The government's not saying what that entails, other than it would be to protect those nations from Iranian drone and missile strikes.The Coalition's signalled such a move could have bipartisan support while the Greens are against any prospect of what they're calling 'mission creep'.More broadly, a seventh US soldier has died in the war.While US President Donald Trump's warning that Iran's next supreme leader won't last long without his approval, as Tehran prepares to reveal the successor to Ayatollah Ali Khamenei.There are calls for Iran's women's soccer team to be granted asylum after they wrapped up their Asian Cup campaign last night in Australia.Amnesty International says there's no way the team can go back to Iran, especially given they face punishment for not singing the national anthem after one of their matches.But if they decide to stay their families and loved ones in Iran could face retribution, putting the players in an impossible situation.For more news at any time you can follow the ABC Top Stories podcast.
Communities in the NT that have been hit by flooding over the weekend are bracing for more rain, in particular the large service and tourist town of Katherine.That community is dealing with the worst flooding in three decades.The township is isolated and surrounding places have been evacuated.Meanwhile heavy rain's also forecast in south east Queensland and people are being warned about potential flooding.Iran's close to naming a supreme leader which looks likely to be the assassinated Ayatollah's son, but US President Donald Trump's warning whoever it is won't last long if his administration doesn't approve.In other developments in the conflict, Lebanon says over half a million people have been displaced in a week of fighting between Israel and the Iranian aligned militant group Hezbollah.While Israeli attacks on Iranian oil facilities have blackened the skies of Tehran and prompted warnings for residents to wear masks and stay indoors.India's celebrating winning the men's T20 World Cup on home soil and it's a record third time the side has claimed the trophy.India made five for 255 off its 20 overs.Its bowlers were all over New Zeland who were all out for 159 in 19 overs.Jasprit Bumrah took four for 15.
The Northern Territory town of Katherine's been hit with its worst flood in almost three decades and people in the Top End are bracing for more rain today.The town's largely isolated and water inundated parts of its centre and suburbs.Authorities are trying to assess the damage and they're also worried about crocodiles in the floodwaters.A member of the clerical body that's choosing Iran's next supreme leader says it's reached a consensus on who should succeed the assassinated Ayatollah Ali Khamenei.Reports coming out of Iran strongly indicate the late supreme leader's son will be picked.But US President Donald Trump's been insisting his administration should have a say in who the next leader is, warning they won't last long if he doesn't approve. Meanwhile residents in the Iranian capital Tehran are confronting a new peril in addition to the bombardment by the US and Israel.Authorities are warning residents about acid rain after Israeli strikes on Iranian oil facilities, and people are being urged to stay indoors and wear masks.The federal Greens have accused Labor of "mission creep", as the government considers a request for military assistance from the Persian Gulf states.The Albanese Government's emphasised Australia will not engage in offensive action against Iran.Three people have been charged with murder and the armed robbery of a man being described as a 'quite hero' after an alleged attack at a railway station in Melbourne's outer north.Aidan Becker, who was 22, was killed after he stepped in to help a 14-year-old boy who was allegedly being robbed and assaulted by a group of males.Mr Becker's being mourned by his colleagues and former football teammates, who describe him as a "special young man".India has won men's cricket's T20 World Cup for a record third time with a 96-run victory over New Zealand.New Zealand struggled in the chase and were all out for 159 in 19 overs, with Jasprit Bumrah taking 4 for 15 on home soil.
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