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.
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.
The Reserve Bank has warned the Iran war could push Australia toward a damaging mix of rising prices and weaker growth, echoing the economic turmoil of the 1980s.
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.