Donald Trump says Iran’s latest peace proposal is a significant step but warns it falls short of US demands as tensions rise ahead of a Strait of Hormuz deadline.
President Donald Trump has increasingly aggressive threats to destroy Iran’s power plants and bring ‘hell’ to the country following the rescue of a US airman after his fighter jet was shot down.
US commandos slipped deep into Iran, undetected, and pulled a stranded American weapons specialist to safety, moving him toward a secret rendezvous point on Sunday. Then everything stopped.
Energy Minister Chris Bowen has confirmed Australia’s fuel supplies have been extended into May, but international tensions are keeping markets on edge.
Households and businesses face months of high fuel prices and associated costs even if there is a swift end to the Middle East conflict that is choking supply.
LATIKA M BOURKE: France’s President Emmanuel Macron has pushed back on Donald Trump’s criticism, warning that world politics is serious as tensions rise over Iran.
The UK and key allies are scrambling to restore vital oil shipments through the Strait of Hormuz after Iran’s blockade sent shockwaves through global energy markets.