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US President Donald Trump said he postponed military strikes against Iran at the request of Gulf allies including Saudi Arabia, Qatar, and the UAE, citing an emerging deal. Talks are set for August 3, but Iranian officials have disputed the claims.
Oil prices fell more than $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking a quick deal to reopen the Strait of Hormuz. Brent crude slid to around $83.50, while US West Texas Intermediate dropped to near $79.50. The move followed weekend signals of de-escalation, with tanker traffic resuming and OPEC+ approving a production increase.
US President Donald Trump announced that negotiations with Iran will begin on Monday afternoon, after he called off planned military strikes. Trump said Saudi Arabia, the UAE, Qatar, and Iran had asked him to hold off, citing a potential deal involving the Strait of Hormuz and Iran's nuclear program. Iran has not officially responded, and oil prices fell following the announcement.
A former ASIO agent known as Marcus has resubmitted his visa application to Australia to testify before the Bondi royal commission, after his previous application was rejected. The royal commission has indicated it wants to hear his evidence, while ASIO has described him as 'unreliable and disgruntled.'
Ahmet Davutoglu has dissolved his Future Party and announced his withdrawal from politics, citing Turkiye's 'dirty political climate.' Once a key architect of Ankara's foreign policy, his departure highlights the challenges faced by opposition figures in the country.
Australia's fuel excise cut ends on August 3, adding 16 cents per litre to wholesale prices. With global oil prices climbing to about US$90 a barrel, motorists can expect unleaded to reach about $2.20 a litre and diesel $2.60, according to RACQ economist Ian Jeffreys.
New data shows electric and hybrid vehicles are now approaching half of all new car sales in Australia, driven by the ongoing fuel crisis linked to the war in Iran. Sales of battery electric vehicles have surged, with market share records set in recent months, while the government winds down subsidies and fuel excise relief ends.
US President Donald Trump announced he has cancelled a planned attack on Iran, saying the 'perimeters of a deal' have been agreed. The decision followed a phone call from Saudi Crown Prince Mohammed bin Salman, who warned against escalating military operations. The potential deal would include the opening of the Strait of Hormuz and an end to Iran's nuclear threat.
President Trump says the US and Israel have agreed to halt new attacks on Iran if a deal can be reached rapidly, citing a request from Iran and regional countries. Iran denies asking for a halt and says it remains on high alert, while the Strait of Hormuz stays shut and diplomatic efforts continue.
US embassies across the Middle East warned American citizens to beware of an 'unforeseen escalation' and urged them to be ready to leave, a day after President Donald Trump threatened to hit Iran 'hard'. Iran's military accused Washington of escalating tensions and warned countries against cooperating with the US, while regional incidents, including a drone strike on a US-owned vessel, added to the fraught atmosphere.
US President Donald Trump announced he called off a massive attack on Iran after being asked by Tehran and other Middle Eastern countries, and called for an immediate deal. Iranian military officials denied requesting a halt, saying forces are at the highest readiness. Israel reportedly backed the US commitment.
Israeli President Isaac Herzog accused New York City Mayor Zohran Mamdani of spreading 'blasphemy' and antisemitic rhetoric, warning the mayor is endangering New Yorkers. In an interview with Fox News, Herzog also condemned former ICC prosecutor Karim Khan, praised President Trump's support for Israel, and discussed the threat from Iran.
Kazem Hamad, a key figure in Melbourne's tobacco wars, has been sentenced to life in prison in Iraq for drug trafficking, but violence continues in Victoria, including firebombings in Mooroopna. Authorities are now targeting the syndicate's enforcers.
South Korea's exports rose nearly 63 percent in July to US$98.89 billion, the second-highest monthly figure on record, driven by strong global demand for memory chips and AI-related investment. Semiconductors led the surge, with shipments up 179 percent to $41 billion, while exports to China and the United States also posted sharp gains.
The Pakistani government cut petrol and diesel prices by 12 and 66 paisas per litre respectively, effective August 1-3. Meanwhile, Ogra announced a record 32% increase in RLNG prices, raising retail rates to Rs7,204 per mmBtu, driven by the US-Iran war and reliance on spot market cargoes.
Yemen's Houthi rebels have declared a maritime blockade on Saudi Arabia, targeting ships carrying Saudi exports through the Bab el-Mandeb Strait. The move has heightened tensions in the region, with the US warning of 'major military punishment' and experts concerned about a return to all-out war.
US President Donald Trump says a deal has been reached for Hamas to disarm and Israel to withdraw from Gaza, but hurdles remain. Meanwhile, Iran's military says it launched drone strikes on US facilities in Kuwait, and the US confirms a 'heavy wave of strikes' against Iran.
US President Donald Trump announced a phased agreement for the complete disarmament of Hamas and other armed groups in Gaza, brokered through his Board of Peace. The deal would see Israeli forces withdraw and an international stabilisation force deploy, but Hamas officials conditioned disarmament on Israel's compliance, and Israeli attacks continued.
South Korea's finance minister has pledged preemptive measures against energy supply disruptions and market volatility, while defending the country's economic fundamentals. The government raised its 2025 growth forecast to 3% amid record exports, but faces criticism over policy missteps linked to stock market swings.
US President Donald Trump says his Board of Peace has reached a 'historic' agreement for the complete disarmament of Hamas and other armed groups in Gaza, as part of his 20-point plan. Negotiators from Egypt, Qatar, and Turkey met in Cairo to discuss implementation, while Israel has yet to comment officially.