Australians hit by soaring petrol prices now face expected blow of interest rate rise

11/03/2026 02:53 The Guardian

Economists predict RBA board will hike cash rate to 4.1% next week as inflation climbs and energy costs surgeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastMillions of Australians could be hit with the twin blow of soaring petrol prices and higher mortgage repayments amid rising expectations that the US-Israel war on Iran will force the Reserve Bank to hike rates on Tuesday.A growing number of economists predict that the RBA board will increase the cash rate to 4.1% at the conclusion of its upcoming two-day meeting, after the central bank’s deputy governor, Andrew Hauser, said data had “confirmed even more decisively … that our economy currently has limited spare capacity”. Continue reading...

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Iran war live updates: Regime issues threat against protesters; drone reportedly hits major US diplomatic facility in Iraq

Iran’s police chief says protesters will be treated as ‘enemies’ and that security forces remain stationed in the streetsHow have you been affected by the latest Middle East events?Over in Senate question time, the foreign affairs minister, Penny Wong, has confirmed embassies in Abu Dhabi and...

11/03/2026 04:13 The Guardian

Democrat blasts Trump’s ‘incoherent’ Iran strategy after Pentagon says 140 US service members wounded in operation – as it happened

This live blog is now closed.Trump news at a glance: war on Iran is either ‘very complete’ or just starting, depending on who is talkingSign up for the Breaking News US email to get newsletter alerts in your inboxHegseth says the aftermath of the conflict is “going to be in America’s interes...

11/03/2026 02:03 The Guardian

Middle East crisis live: Iran warns against protests, saying police have their ‘finger on the trigger’

Iran’s police chief says protesters will be treated as ‘enemies’ and that security forces remain stationed in the streetsHow have you been affected by the latest Middle East events?Investor hopes for a swift resolution to the Middle East conflict propelled Australian shares higher today, with...

11/03/2026 01:22 The Guardian

Politics live: Wong and Marles insist Australia not at war after sending assistance to Gulf; Palmer makes new run for parliament

Follow updates liveGet our breaking news email, free app or daily news podcast‘There are developments this morning’: Chalmers on Iranian football teamWe’re getting a slightly bigger forward sizzle from the treasurer on how many people from the Iranian women’s football team have sought asylum...

10/03/2026 23:27 The Guardian

No 10 to release hundreds of files on Mandelson’s US ambassador appointment on Wednesday

First tranche expected to include Cabinet Office report warning of ‘reputational risk’ over ex-minister’s links to EpsteinHundreds of documents relating to Peter Mandelson’s appointment as ambassador to the US are expected to be released by Downing Street on Wednesday.The first tranche of fi...

10/03/2026 22:48 The Guardian

Jess Phillips reveals she is ‘victim of courts backlog’ as jury trial bill passes

Exclusive: Safeguarding minister says man accused of restraining order breach will not come to court until 2028A man accused of breaching a restraining order related to Jess Phillips will not have his case heard in the crown court until 2028, the Labour minister has revealed, as MPs voted in favour...

10/03/2026 20:44 The Guardian

Iran is becoming more defiant in face of US-Israeli onslaught

Tehran spurns Trump envoy Steve Witkoff and insists on guarantees it will not be attacked againIran has spurned two messages from Donald Trump’s special envoy, Steve Witkoff, seeking a ceasefire as its leaders sense it is not losing the war and the US president is at the minimum feeling the politi...

10/03/2026 20:01 The Guardian

US weighs sending forces into Iran to secure nuclear stockpile, reports say

Tehran has enough material to make at least 10 nuclear warheads but extracting it would be very risky, say expertsMiddle East crisis – live updatesThe Trump administration is reportedly considering the deployment of special forces into Iran to secure its stockpile of highly enriched uranium (HEU),...

10/03/2026 19:28 The Guardian

Royal Navy’s HMS Dragon sails for eastern Mediterranean

Destroyer leaves Portsmouth a week after deployment was announced following drone attack on RAF base in CyprusMiddle East crisis – live updatesThe Royal Navy destroyer HMS Dragon departed Portsmouth on Tuesday afternoon for the eastern Mediterranean after six days of hasty preparation and a week a...

10/03/2026 19:26 The Guardian

Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon

Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storageHow the Iran conflict could affect energy prices – video explainerSaudi Arabia’s state oil company has warned of “catastrophic consequences” for t...

10/03/2026 19:01 The Guardian

Iranians living in UK tell Starmer that war will only strengthen Tehran regime

Nazanin Zaghari-Ratcliffe among more than 100 signatories to letter urging PM not to get drawn further into the conflictNazanin Zaghari-Ratcliffe is among three of Iran’s former political prisoners and more than 100 Iranians living in the UK who have urged the British prime minister not to get dra...

10/03/2026 18:00 The Guardian

Badenoch denies calling for UK to join US-Israeli war on Iran

Conservative leader accused of taking confusing position after she said Starmer should ‘do more than catch arrows’Kemi Badenoch has denied calling for the UK to join Donald Trump’s war on Iran, after previously saying Keir Starmer should do more to “stop the people who are attacking us”.La...

10/03/2026 17:46 The Guardian

Tehran endures ‘worst night of strikes’ amid mixed US messages about more to come

Hegseth follows Trump’s suggestion war will soon be over by saying US will not stop until Iran ‘decisively defeated’Middle East crisis – live updatesTehran residents say the Iranian capital has endured what they described as its worst night of aerial bombardment, as the US defense secretary,...

10/03/2026 17:38 The Guardian

Pipeline of new drugs to fight superbugs is ‘worryingly thin’, experts warn

UK’s GSK is leading the way in research but AstraZeneca is not involved in the area, report findsThe pipeline of new drugs to fight superbugs remains “worryingly thin” and has shrunk by 35% in the last five years, experts have said, predicting the annual number of deaths linked to drug-resista...

10/03/2026 16:15 The Guardian

Lammy defends jury reforms against claims they will worsen racial bias in legal system – as it happened

Justice secretary says changes designed to reduce courts backlog will benefit remand ratesWe can bring you some lines from the Reform press conference (see post at 10.10). Sky News’ political editor Beth Rigby asked Nigel Farage about Reform’s inconsistent position over the UK’s policy in rega...

10/03/2026 15:58 The Guardian

Washington cardinal says US war on Iran ‘not morally legitimate’

Robert McElroy goes further than pope has done and says conflict fails ‘criterion of right intention’Sign up for the Breaking News US email to get newsletter alerts in your inboxCardinal Robert W McElroy, the archbishop of Washington DC, has said that the US-Israeli war with Iran is “not moral...

10/03/2026 15:40 The Guardian

Parts of giant Nasa satellite to crash to Earth, posing low risk

The 600kg Van Allen probe A will re-enter Tuesday evening, with most of it burning before reaching Earth’s surfaceSign up for the Breaking News US email to get newsletter alerts in your inboxParts of a giant Nasa satellite will crash to Earth on Tuesday evening, the US space agency is warning –...

10/03/2026 15:12 The Guardian

Pete Hegseth warns of ‘most intense’ day of US strikes on Iran yet

Pentagon chief spoke with Gen Dan Caine at a press conference and blamed Iran for civilian casualties Sign up for the Breaking News US email to get newsletter alerts in your inboxThe Pentagon chief, Pete Hegseth, has warned that Tuesday would be the “most intense” day of US strikes yet, even as...

10/03/2026 14:30 The Guardian

Nigel Farage accused of U-turn as he says UK should keep out of Iran war

Reform leader’s latest comment contrasts with earlier statement that ‘gloves need to come off’UK politics live – latest updatesNigel Farage has been accused of making a U-turn after he said Britain should not get involved in Donald Trump’s war with Iran.His comments on Tuesday contrasted w...

10/03/2026 14:27 The Guardian

Trump’s re-election may have helped Albanese – but the US war in Iran is creating economic conundrums

Resurgent inflation, already a factor before the Middle East conflict, now risks intensifying, creating a problem for the prime ministerFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastDonald Trump’s re-election helped Anthony Albanes...

10/03/2026 14:00 The Guardian

Labor MPs quietly alarmed by Albanese government’s response to US-Israel strikes on Iran

Exclusive: Several MPs question why the party rushed to endorse strikes that were likely in breach of international lawFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLabor MPs were privately alarmed about the Albanese government’s i...

10/03/2026 14:00 The Guardian

Trump says Iran war is ‘very complete, pretty much’ as economic toll rises | First Thing

The president delivered a vague and contradictory forecast on the future of the war in Middle East. Plus, how to recognize a psychopathDon’t already get First Thing in your inbox? Sign up hereGood morning.Donald Trump has said the war in Iran is “very complete, pretty much”, as the economic to...

10/03/2026 12:32 The Guardian

VW to cut 50,000 jobs by 2030 amid Trump tariffs and falling Chinese sales

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brandsEurope’s largest automaker, Volkswagen, is to shed 50,000 jobs by the end of the decade, as it faces falling sales in China and North America and punitive US tariffs imposed by Donald T...

10/03/2026 11:40 The Guardian

The HMS Dragon row: why has it taken so long to get a UK destroyer to Cyprus?

The government said a week ago the warship would be deployed but it is still at dock. What is happening?Middle East crisis – live updatesUK politics live – latest updatesThe pace at which HMS Dragon has been readied for deployment to defend a British military base in Cyprus from attacks by Iran...

10/03/2026 11:06 The Guardian

Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz

Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on FridayMiddle East crisis – live updatesOnly two vessels not linked to Iran or Russia have made the “chicken run” through the strait of Hormuz since Donald Trump said he would “ensure...

10/03/2026 10:26 The Guardian

Iran war could knock UK homebuyer confidence, says builder Persimmon

Growing fears that elevated interest rates will continue, as Barclays finds worries that war will push up inflationBusiness live – latest updatesA leading British housebuilder has warned the Iran conflict could knock homebuyer sentiment, amid growing fears of a jump in inflation and a prolonged pe...

10/03/2026 09:52 The Guardian

Oil prices fall and stocks rebound after Trump says Iran war could end ‘very soon’

FTSE 100 opens higher and European markets rise as US president describes conflict as ‘very complete’Business live – latest updatesMiddle East crisis – live updatesOil prices have tumbled from four-year highs, capping an extraordinary 24 hours in global markets and prompting global stocks to...

10/03/2026 09:01 The Guardian

‘Vicious cycle’: panic buying is biggest risk to Australia’s petrol supplies, experts say

Government and motoring groups say there is no shortage of fuel supplies but stockpiling has left country service stations running dry, as Iran war sparks oil price fearsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRegional service...

10/03/2026 08:03 The Guardian

Qantas hikes international air fares citing volatile oil prices from war in Middle East

Airline reports spike in ticket sales to Europe in March, as passengers with carriers affected by flight chaos rebookGet our breaking news email, free app or daily news podcastQantas has announced it is increasing the price of its international air fares amid oil price volatility caused by the war i...

10/03/2026 07:50 The Guardian

Labor moves to block some temporary visa holders travelling to Australia amid Middle East war

Proposed new powers for home affairs minister are ‘truly appalling’, Asylum Seeker Resource Centre says Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLabor is toughening immigration laws to stop people from some countries travell...

10/03/2026 07:22 The Guardian

BREAKING NEWS

11/03 04:41 - Global development our 'first line of defence’: Marcos Neto warns 'multilateral system under strain' 11/03 04:17 - New Iranian Leader Was Wounded Early in the War, Iranian and Israeli Officials Say 11/03 04:13 - Iran war live updates: Regime issues threat against protesters; drone reportedly hits major US diplomatic facility in Iraq 11/03 04:01 - Ukraine Can Now Manufacture ‘China-Free’ Drones 11/03 03:44 - News24 | Iran war sends oil price soaring as Khamenei son takes charge 11/03 03:27 - Oil prices swing wildly amid mixed messages over Iran war 11/03 03:27 - Oil prices swing wildly amid mixed messages over Iran war 11/03 03:15 - How Trump and His Advisers Miscalculated Iran’s Response to War 11/03 03:15 - UK warship HMS Dragon departs for eastern Mediterranean 11/03 02:53 - Australians hit by soaring petrol prices now face expected blow of interest rate rise 11/03 02:46 - Qatar warns Gulf security is tied to global stability 11/03 02:46 - Qatar warns Gulf security is tied to global stability 11/03 02:23 - UAE, an oasis for business and partying, faces war 11/03 02:03 - Democrat blasts Trump’s ‘incoherent’ Iran strategy after Pentagon says 140 US service members wounded in operation – as it happened 11/03 01:32 - ‘No endgame’: Why US Democrats say Iran war hearing has them worried 11/03 01:32 - ‘No endgame’: Why US Democrats say Iran war hearing has them worried 11/03 01:22 - Middle East crisis live: Iran warns against protests, saying police have their ‘finger on the trigger’ 11/03 01:18 - US strikes Iranian mine-laying vessels as Middle East war intensifies 11/03 00:59 - The Papers: 'US bombers take off' and 'Heading out - at last' 11/03 00:27 - Iran war cost will be passed to consumers, shipping giant boss tells BBC 11/03 00:11 - Prioritising AI data centres could block new homes, builders warn 11/03 00:00 - Iran war live: Tehran says US, Israel have hit nearly 10,000 civilian sites 11/03 00:00 - Iran war live: Tehran says US, Israel have hit nearly 10,000 civilian sites 10/03 23:27 - Politics live: Wong and Marles insist Australia not at war after sending assistance to Gulf; Palmer makes new run for parliament 10/03 23:16 - Trump says US destroying Iranian mine-laying boats 10/03 22:53 - Witkoff reveals plans for next round of Russia-US-Ukraine talks 10/03 22:50 - Pentagon says about 140 troops wounded, 8 severely, in war with Iran 10/03 22:48 - No 10 to release hundreds of files on Mandelson’s US ambassador appointment on Wednesday 10/03 22:46 - Tornado Watches in Illinois, Texas and Oklahoma as Intense Storms Move In 10/03 22:45 - Democrats say White House offers no clarity on Iran war goals after 11 days 10/03 22:45 - Democrats say White House offers no clarity on Iran war goals after 11 days 10/03 22:14 - U.S. Showers Iran With Bombs in Most Intense Strikes of the War, Pentagon Says 10/03 21:57 - EU chief says turning away from nuclear energy was 'a strategic mistake' 10/03 21:49 - Video shows US Tomahawk missile strike next to bombed Iranian school 10/03 21:15 - US civil rights group documents ‘broad attack on Muslim life’ in 2025 10/03 21:15 - US civil rights group documents ‘broad attack on Muslim life’ in 2025 10/03 21:10 - Around 140 US service members wounded in Iran war, Pentagon says 10/03 21:10 - Around 140 US service members wounded in Iran war, Pentagon says 10/03 21:04 - Prof. Schlevogt’s Compass No. 45: The epoch of viral geopolitics – How the Kanzler sloganizes war 10/03 20:44 - Jess Phillips reveals she is ‘victim of courts backlog’ as jury trial bill passes 10/03 20:31 - Trump's war: What's the endgame in Iran? 10/03 20:30 - Oil shortage, not removal of sanctions, will boost Russia's energy exports, expert says 10/03 20:19 - Pentagon Says 140 Service Members Have Been Injured in Iran War 10/03 20:12 - How Long Will the Iran War Last? Trump Offers Conflicting Answers. 10/03 20:01 - Iran is becoming more defiant in face of US-Israeli onslaught 10/03 19:56 - The Iranian knot: Why Trump turned to Putin 10/03 19:56 - Aviation will feel effect for the rest of the year ‘even if conflict ends t 10/03 19:56 - Aviation will feel effect for the rest of the year ‘even if conflict ends t 10/03 19:35 - Steve Rosenberg: Russia seeks diplomatic and economic gains from Iran war 10/03 19:35 - Kyiv says it hit 'key' Russian military factory in Bryansk strike, Russia says six dead 10/03 19:35 - Ukraine says hit 'key' Russian military factory in missile strike 10/03 19:35 - 'There's going to be a complete reset of the region at the end of this war' 10/03 19:30 - Could the US-Israel war with Iran fuel global inflation? 10/03 19:30 - Could the US-Israel war with Iran fuel global inflation? 10/03 19:28 - German Chancellor concerned US-Israel have no exit plan for Iran war 10/03 19:28 - German Chancellor concerned US-Israel have no exit plan for Iran war 10/03 19:28 - US weighs sending forces into Iran to secure nuclear stockpile, reports say 10/03 19:26 - Royal Navy’s HMS Dragon sails for eastern Mediterranean 10/03 19:14 - Five stories you may have missed amid US-Israeli war on Iran 10/03 19:14 - Five stories you may have missed amid US-Israeli war on Iran 10/03 19:01 - Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon 10/03 19:00 - Will War In Iran Really End "Very Soon"? 10/03 18:55 - ‘America has no narrative for victory’ 10/03 18:55 - ‘America has no narrative for victory’ 10/03 18:54 - Higher Oil Prices Could Put the Fed in a Bind as Labor Market Softens 10/03 18:40 - Russian attack kills four in Ukraine’s Sloviansk as both sides claim gains 10/03 18:40 - Russian attack kills four in Ukraine’s Sloviansk as both sides claim gains 10/03 18:33 - War expands to central Beirut as Israeli strike kills Iranians in luxury hotel 10/03 18:21 - Even MAGA Is Calling Out Lindsey Graham's "Soulless" And "Vile" Comments On The Iran War 10/03 18:06 - Oil and gas prices fall after Trump says war is 'very complete' 10/03 18:00 - Iranians living in UK tell Starmer that war will only strengthen Tehran regime 10/03 17:51 - Duterte’s drug war faces judgement at the ICC 10/03 17:51 - Duterte’s drug war faces judgement at the ICC 10/03 17:50 - News24 | Israel says Iran hacked security cameras 10/03 17:46 - Badenoch denies calling for UK to join US-Israeli war on Iran 10/03 17:38 - Tehran endures ‘worst night of strikes’ amid mixed US messages about more to come 10/03 17:32 - WHO warns of health risks from ‘black rain’ in Iran 10/03 17:32 - WHO warns of health risks from ‘black rain’ in Iran 10/03 17:31 - U.S. Eases Limits on Russian Energy as Oil Prices Soar 10/03 17:18 - EU bosses split over US-Israeli war against Iran 10/03 17:14 - Global airlines hike ticket prices as Iran war sends costs soaring 10/03 17:14 - Global airlines hike ticket prices as Iran war sends costs soaring 10/03 17:13 - Israel denies women in Gaza ‘conditions to live’: Amnesty 10/03 17:13 - Israel denies women in Gaza ‘conditions to live’: Amnesty 10/03 17:12 - ‘Nothing Will Remain of Tehran,’ Iranians Say Amid Heavy Bombing 10/03 17:08 - New footage raises likelihood the US struck Iranian girls’ school 10/03 16:48 - Israelis vow to stay put as war rages across border 10/03 16:40 - Iran targeted by fresh strikes as US warns of 'most intense day' 10/03 16:37 - IEA holds talks as member states mull releasing oil reserves amid Iran war 10/03 16:37 - IEA holds talks as member states mull releasing oil reserves amid Iran war 10/03 16:15 - Pipeline of new drugs to fight superbugs is ‘worryingly thin’, experts warn 10/03 16:08 - Russia's deportation of Ukrainian children a 'crime against humanity', says UN inquiry 10/03 16:05 - US general says he ‘respects’ Iran’s fight 10/03 16:05 - US general says he ‘respects’ Iran’s fight 10/03 16:03 - 'My heating oil costs have more than doubled since Iran war started' 10/03 15:58 - Lammy defends jury reforms against claims they will worsen racial bias in legal system – as it happened 10/03 15:57 - As energy prices soar, Russia emerges as major winner of Middle East war 10/03 15:55 - Iran vows to fight 'as long as needed' as Trump says war will end 'soon' 10/03 15:54 - Hegseth vows most intense day yet of US strikes as Iran aims to fight on 10/03 15:51 - Could Putin be the big winner of the Iran war?