Global markets reacted sharply after Donald Trump signalled a two-week pause on Iran strikes linked to negotiations over the Strait of Hormuz deal as equity futures jumped.
US President Donald Trump has unleashed over the use of human bodies as shields across Iran, following a request from the regime for youth, students and athletes to protect the vital infrastructure.
Donald Trump's criticism of allies and threats on Iran raise pressure, but an expert says Australia is unlikely to join offensive operations despite tensions.
China and Russia have vetoed a UN push to safeguard shipping in the Strait of Hormuz, intensifying fears over global oil supply as Iran tensions escalate.
STEPHEN JOHNSON: Rising unemployment and inflation, as a result of the worst global oil shock since the 1970s, could force Anthony Albanese to slash immigration levels by a third.
Anthony Albanese has brought forward his visit to Singapore amid the urgency to secure Australia’s fuel supply in the wake of an Iran war-induced global energy crisis.