Trump drops Hormuz fee as US blockade takes effect
The 20 per cent cargo fee lasted 26 hours. A US naval blockade of Iranian ports began at 6am AEST as Brent settled at US$84.73 after a one-month high.
The 20 per cent cargo fee lasted 26 hours. A US naval blockade of Iranian ports began at 6am AEST as Brent settled at US$84.73 after a one-month high.
Two Emirati tankers were hit by Iranian cruise missiles in Omani waters, killing a crew member, as US strikes on Iran entered a third consecutive night.
Iran's Revolutionary Guard declared the Strait of Hormuz closed until further notice and disabled a second ship. Within hours Washington said commercial vessels are still transiting, and the US Navy-led body that routes merchant traffic kept its southern corridor open.
Iran's Foreign Minister Abbas Araqchi met his Omani counterpart in Muscat as both governments agreed to keep talking about safe passage through the Strait of Hormuz, even as new data show shipping through the strait still near a standstill and Tehran and Washington divided over what their existing agreement actually requires.
Donald Trump says Iran asked to keep talking and the US agreed, while insisting the ceasefire is finished. Australia has an aircraft in the Gulf, a shut embassy in Tehran and no seat at the table.
Iran buried Ali Khamenei in Mashhad as US forces struck about 90 more targets and Iran fired on bases in Kuwait, Bahrain and Jordan, with Hormuz tanker traffic near a standstill.
US forces struck more than 80 targets inside Iran after three tankers were attacked near the Strait of Hormuz, and Iran answered with drones and missiles at bases in Bahrain and Kuwait.
NATO's 32 leaders met in Ankara on Monday and Tuesday for a summit dominated by US pressure to enforce a 5 per cent defence-spending target and by Ukraine's push for more air-defence weapons.
China fired a long-range ballistic missile from a submarine into the South Pacific, drawing protests from Australia, New Zealand and Japan within hours.
Iran's week-long state funeral for Ali Khamenei moved through Tehran on Monday, with the successor and son Mojtaba Khamenei still yet to appear in public four months after the strike that killed his father.
Peru's election jury proclaimed Keiko Fujimori president-elect on Friday, a month after a runoff decided by about 50,000 votes. Opponent Roberto Sánchez refuses to recognise the result.
China's foreign minister Wang Yi told US Secretary of State Marco Rubio to handle Taiwan with 'utmost caution' in a July 1 phone call, the first senior diplomatic contact since President Trump's May visit to Beijing. The two governments' accounts of the call recorded different things.
The United States did not agree to renew the USMCA trade agreement at its six-year joint review on July 1. The deal stays in force but now faces a decade of annual reviews instead of a clean 16-year extension, with the US and Mexico due to hold further talks the week of July 20.
Australia and Vanuatu signed the Nakamal Agreement in Canberra on Monday, a security and economic treaty under which Vanuatu agrees to keep foreign military bases off its territory. The cost to Australia was not disclosed, and Vanuatu's earlier objections stripped Canberra of a veto over the island nation's infrastructure deals.
British Defence Secretary John Healey resigned on Saturday over a dispute about armed forces funding, with junior defence minister Al Carns also leaving the government. Neither issued a detailed statement explaining the specific terms of the disagreement.
An Australian national has been arrested by Thai authorities after the body of a 17-year-old was discovered in a suitcase in Bangkok. Thai police confirmed the arrest; formal charges had not been laid as of Saturday.
Iran has paused negotiations with the United States and threatened to 'completely block' the Strait of Hormuz, ruling out further talks until Israel ends operations in Lebanon and Gaza. Tehran also threatened the Bab-el-Mandeb. A fifth of the world's oil moves through Hormuz.
Ukraine hit targets across approximately 12 Russian regions and Crimea overnight on Saturday, with Russia responding by striking Ukrainian cities and infrastructure before dawn. The exchange follows a similar large-scale operation two nights earlier.
The confirmed death toll from twin earthquakes in Venezuela has passed 589 and continues to rise, with thousands still missing. The UN is scaling up its humanitarian response as rescue teams work around the clock.
The court's conservative majority sided with the Trump administration on Thursday to end Temporary Protected Status for approximately 350,000 Haitians and more than 6,000 Syrians, opening the way for mass deportations to two countries under active conflict or gang control. A separate ruling shut the asylum route at the US-Mexico border.
The United States carried out strikes on Iran on Friday after a drone attack on a cargo ship in the Strait of Hormuz, testing an interim peace arrangement reached one week earlier. The US Treasury simultaneously granted Iran a 60-day sanctions exemption: an escalation and an olive branch on the same day.
Israeli airstrikes killed at least 12 people across southern Lebanon on Thursday according to Lebanese health officials, including two paramedics. Israel did not publicly account for all targeted sites by time of publication.
Ukraine launched a major nighttime attack targeting approximately 12 Russian regions and Crimea on Thursday, in one of the broader single-night operations of the conflict. Russia struck back across Ukrainian territory before dawn.
Two earthquakes struck Venezuela within hours of each other, killing at least 589 people with thousands missing. International teams from Mexico, Brazil, Cuba, and the United States are operating around the clock as a state of emergency remains in effect.
A magnitude 7.2 and a magnitude 7.5 earthquake struck the state of Yaracuy within 39 seconds of each other on June 24, causing catastrophic destruction in Caracas and La Guaira. At least 589 people were confirmed dead by June 26, with 68,900 listed as missing as rescue teams worked through collapsed buildings.
A memorandum of understanding signed on June 17 established a two-month window to negotiate a permanent end to the Iran conflict. The Strait of Hormuz, through which about 20 per cent of the world's traded oil passes, was blocked during the fighting and its reopening is a central condition.
The 52nd G7 Summit in Évian-les-Bains adopted nine declarations covering Ukraine, artificial intelligence governance, critical minerals, and a billion-dollar Ebola funding commitment, with Ukrainian President Zelensky attending in person.
The EU adopted four pieces of legislation on June 3 aimed at tripling European data centre capacity within seven years and reducing a dependence on foreign digital infrastructure that currently exceeds 80 per cent, directly targeting US cloud giants and Chinese hardware suppliers.