Middle East crisis live: IEA chief says Iran war energy crunch worse than 1970s oil crises and Ukraine war combined
Fatih Birol says world is losing 11m barrels of oil per day, more than the 1973 and 1979 energy shocks combined; IRGC threatens to completely close strait of Hormuz if Trump acts on infrastructure threatsIran vows to destroy Middle East water and energy facilities if US attacks power plantsThe International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil “if necessary” due to the Iran war, its chief has said.“If it is necessary, of course, we will do it,” executive director Fatih Birol said. “We look at the conditions, we will analyse, assess the markets and discuss with our member countries.”A stock release will help to comfort the markets, but this is not the solution. It will only help to reduce the pain in the economy. Continue reading...
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Australia politics live: One Nation only about ‘stunts and the vibe’, Marles says; crossbench MPs pressure Labor over gas export tax
Chris Bowen confirms dozens of east coast petrol stations experiencing shortages as Coalition targets Labor over fuel crisis. Follow updates liveGet our breaking news email, free app or daily news podcastThe pollies have been asked this morning whether people should consider working from home to save fuel, as conflict escalates in the Middle East.Tehran has said it will “irreversibly destroy” essential infrastructure across the Middle East, including vital water systems, if the US follows through on Donald Trump’s threat to “obliterate” Iran’s power plants unless the strait of Hormuz is fully opened within two days.This is like Covid style restrictions I think that are potentially being floated. I would not support that in any way, and I don’t think businesses would do so either …If people can work from home and they want to and it works for their employers, fine, I think that’s terrific, but it doesn’t help small businesses. It certainly doesn’t help the truckers and the fishers and the farmers and the manufacturers and the miners that are relying on fuel supply. Continue reading...
UN issues new climate warning as El Niño looms
The Earth's climate is further out of balance than at any time in recorded history, the UN's weather agency says.
In Denmark’s Election, How Will the Woman Who Took On Trump Fare?
Prime Minister Mette Frederiksen is the biggest force this country has seen in decades. The crisis in Greenland has energized her, but are voters itching for change?
Socialist Emmanuel Grégoire elected Paris mayor, as National Rally fails to take key cities
City hall veteran beats rightwinger Rachida Dati in French capital, while far-right RN fails to win Marseille and Toulon in French local electionsThe Socialist Emmanuel Grégoire has been elected mayor of Paris, beating the former rightwing minister Rachida Dati, with Marine Le Pen’s far-right, anti-immigration National Rally (RN) failing to take key cities targeted in Sunday’s second round of local elections.Grégoire took a victory bike ride with future councillors in Paris on Sunday night to show that the French capital would continue its pro-cycling and environmental policies. Continue reading...
Fidel Castro’s Grandson Flaunts Beer, Nikes and Trump Jokes on Instagram
Sandro Castro has drawn scrutiny for his Instagram posts in which he flaunts a life of luxury while using satire to point out the very deterioration his family’s leadership helped create.
Iran War Live Updates: Tehran Is Defiant After Trump Threatens Power Plants
Iran dismissed President Trump’s ultimatum to fully reopen the Strait of Hormuz, saying it would consider electric plants and water facilities “legitimate targets” if its electrical grid were struck.
Iran Responds to Trump’s Energy Threat With Defiance and Warnings of Its Own
Tehran “will not hesitate in defending its people and its land,” a senior official said, after President Trump threatened to destroy Iranian power plants.
Israel’s Missile Defense Under Scrutiny After Iranian Attack
Two missiles landed hours apart, wreaking havoc in two towns near a heavily guarded nuclear site in the Negev Desert.
New Zealand PM’s ratings dip as fragile economy fails to impress before November election, poll shows
National leader Christopher Luxon drops in preferred PM stakes with rise in people saying country heading in wrong directionThe personal ratings of New Zealand’s prime minister, Christopher Luxon, have dipped, polling shows, as his government’s handling of the economy fails to impress voters ahead of the November election.The RNZ-Reid Research poll, released on Monday, also found a growing number of people felt that New Zealand was heading in the wrong direction. Continue reading...