Politics

Iran has backflipped on its agreement to reopen the Strait of Hormuz, after the United States imposed a counter-blockade on the major oil route. 

Australians can expect petrol prices to fall further in coming weeks as oil prices ease, although volatility is expected to continue for months.

Energy Minister Chris Bowen has extended temporary fuel quality changes to September as global supply pressures continue to create uncertainty.

Anthony Albanese has responded to the reopening of the Strait of Hormuz, warning that the economic impact of the conflict will continue to be felt worldwide.

Kevin Rudd has shared a parting message after concluding his Washington posting as Australia’s ambassador to the US.

As fuel supplies tighten, world leaders - including Australia's - are having to make uncomfortable choices about where they source their oil.

Australia has joined a meeting of about 50 world leaders to organise an international mission to reopen the Strait of Hormuz amid ongoing trade disruptions.

The US President has taken an unusually tough stance on Israel’s military campaign in Lebanon, while signalling progress toward a wider deal involving Iran.

Iran has declared the Strait of Hormuz open for commercial transit, as backchannel diplomacy points to a potential deal within weeks.

Trump should put Iran’s regime to a fundamental choice: It can have an economy. Or the regime can attempt to have a nuclear program while trying to control the Strait of Hormuz. But it can’t have both.

NEW YORK TIMES: As the US imposes a blockade of Iranian ports, pressure mounts on Beijing to push Tehran to accept terms that will end the war and the global energy crisis.

Politicians are ready to level with the public about how prepare for military conflict after years of mounting frustration from the Defence community over the government’s refusal to discuss risks candidly.

Gun blasts greeted revellers as clocks ticked past midnight on day one of the 10-day ceasefire in Lebanon after Israel agreed to the deal.

The police bomb response unit attended the scene and identified ‘volatile explosive materials’.

A contract for the Navy’s $10 billion Mogami warship program will be ‘signed’ this weekend — but figures close to the project claim it was already quietly inked by officials last month.