Iran-war

The Strait of Hormuz blockade has triggered a cascading energy crisis across Southeast Asia. Countries are banning fuel exports, refineries are cutting output, and Australia sits at the end of a supply chain that is breaking down in real time.

Capital Economics forecasts the largest contraction in the Gulf region as Iranian attacks wipe out 17% of LNG output, forcing Doha to consider liquidating prime real estate and banking stakes in London, New York, and Frankfurt.

The Strait of Hormuz blockade has exposed what economists have warned about for decades. Australia's fuel security is a policy fiction propped up by long shipping routes and optimistic assumptions.

The Diego Garcia strike revealed capabilities Tehran denied having. Defence experts say the UK would have to rely on American systems stationed in Eastern Europe to stop an incoming Iranian missile.

Israel's Iron Dome fails to intercept missiles targeting Dimona and Arad in what the IDF calls a 'new phase' of the conflict. Iran claims it targeted the Shimon Peres Negev Nuclear Research Center in retaliation for strikes on Natanz.

Energy Minister says 74 of 81 expected ships will still arrive, but warns of 'bumps' ahead as Strait of Hormuz blockade cuts 20 per cent of global oil supply.

The president's social media post came hours after telling reporters there would be no ceasefire. Three more warships are heading to the Persian Gulf.

Madrid slashes VAT on fuel and electricity from 21% to 10% while Canberra weighs fuel rationing powers and hopes the supply chain holds.