Australia has secured 100 million litres of additional diesel from Brunei and South Korea using new strategic reserve powers with the PM declaring he expected the two new shipments would be the ‘first of many’.
Australia will pour billions of dollars into drones and missiles as Defence Minister Richard Marles warns there are real risks to Australia in a more hostile world.
Australia and Malaysia have backed Pope Leo’s call for peace after Donald Trump repeatedly attacked the Pontiff for speaking out about the number of innocent people being killed in the war.
The bill for building nuclear-powered submarines over the next decade could be as high as $96 billion, according to updated figures published by the Defence Department today.
The Reserve Bank’s deputy governor Andrew Hauser has warned Australia faces an inflation shock like the 1970s as a result of the Middle East oil crisis that will make the country poorer.
President Trump is confronting a crisis that is not bending to his narrative of a ‘pretty reasonable’ new regime in Iran and all-but-assured victory for the United States.
AARON PATRICK: The closure of most of Australia’s oil refineries over the past two decades left the economy dangerously exposed to a disaster like the one that hit Wednesday night.
THE NEW YORK TIMES: For much of the past two decades, China has maintained a delicate balance in its military relationship with Iran, offering often indirect assistance instead of arms sales.