National Australia Bank is now forecasting inflation reaching levels last seen three years ago as a result of skyrocketing petrol prices, that is leading to panic buying.
WATCH THE VIDEO: Two men who had been watching Islamic State group propaganda have been arrested after the explosive device was thrown at a right wing group.
YOUR MONEY: There’s a double-edged sword coming for part-pensioners. Centrelink payments will rise next week, but so will deeming rates. That could wipe out the latest rise, and a chunk of their pension, too.
WATCH: Dramatic scenes have unfolded on the Gold Coast as protesters surrounded a bus carrying Iran’s women’s football team after their Asian Cup exit.
Australia is considering a request for military assistance from Persian Gulf nations, as one senior Albanese government figure has privately forecast the future of the war.
As oil shipments stagnate while shipping lanes are closed in the Middle East, petrol prices are surging, raising the possibility of a hike in inflation.