Listen to the latest updates from ABC News

Listen to the latest updates from ABC News

Listen to the latest updates from ABC News

Listen to the latest updates from ABC News

The head of the International Energy Agency says Asia is at the forefront of the current oil crisis. Last week Dr Fatih Birol described the current circumstances as "the largest supply disruption in the history of the global oil market".

The head of the agency says he feels that decision-makers do not appreciate the depth of the problem.

Iran has threatened to attack electrical plants in the Middle East powering American military bases, as US President Donald Trump’s deadline on opening the Strait of Hormuz approaches

Mr Trump has warned that Iranian power plants would be targeted if Tehran failed to "fully open" the Strait of Hormuz to all shipping within 48 hours.

Meanwhile, Israel and Iran are continuing to trade strikes, with a wave of attacks reported across Tehran and Tel Aviv.

One Nation remains in contention to win additional Lower House seats following South Australia's election, with vote counting continuing today.

One Nation has already gained one Lower House seat, compared to four for the Liberals and 32 for Labor.

The party is well placed in Hammond, to the east of Adelaide, with One Nation's candidate Robert Roylance polling 27 per cent of the primary vote.

There are also close contests in MacKillop and Narungga, with the Liberals and One Nation battling for those seats.

Top US Democrats have been calling for the war on Iran to end, as the conflict threatens to escalate further.

U-S President Donald Trump warns he will obliterate Iranian power plants if the Strait of Hormuz is not reopened by tomorrow Australian time, while Iran insists it stands ready to completely shut access to the vital oil shipping route regardless.

The Israeli military has meanwhile dampened hopes for a quick end to the conflict, saying it's expected to last several more weeks.  

Federal energy minister Chris Bowen has provided an update on several Australian states where services stations have run out of fuel.

He says 37 out of about 2,400 service stations are without fuel in New South Wales, 37 are out of both diesel and petrol in Queensland, and in Victoria, around 50 stations are out of diesel.

The government continues to urge Australians not to panic buy, as the war in the Middle East disrupts the global oil supply chain and send petrol prices surging in many areas.

Climate scientists warn that the latest warnings from the United Nations' weather agency reinforce that the impact of climate change is upon us.

The World Meteorological Organisation's 2025 state of the global climate report has found last year was one of the hottest on record.

It confirms each of the past 11 years has been the warmest ever. 

Iran is vowing to strike Gulf infrastructure if the US follows through with a threat to hit its electricity grid tomorrow.

US President Donald Trump has issued an ultimatum to Tehran to fully re-open the Strait of Hormuz  by tomorrow, or the US will completely destroy Iran's ‌electricity plants.

The war on Iran is now in its fourth week - Israel has admitted that it will likely last several more weeks, while Tehran continues to show off its ability to carry out attacks.

US Democrats are urging the Trump administration to stop the war, which they say Americans never wanted.  

Vote-counting is continuing today after Saturday's South Australian election - with independent Geoff Brock now confirmed as the winner of the vast northern seat of Stuart - fighting off a challenge from One Nation candidate Brandon Turton.

Eight seats remain in doubt, including three where One Nation is in the lead - Mackillop, Narungga and Hammond.

So far Labor has won 32 Lower House seats, compared to four for the Liberals and one for One Nation.

Australia's only manganese smelter Liberty Bell Bay in northern Tasmania has appointed voluntary administrators, consulting group EY

The smelter employs more than 200 people and has been in care and maintenance since May.

ASIC has recently  filed to shut down the smelter after the operators repeatedly failed to submit their annual financial documents.

The Australian share market has fallen sharply, with mining stocks hit hard, as the war in the Middle East enters a critical phase. 

Tomorrow the world will find out if US president Donald Trump follows through on his threat to destroy Iran's power plants, if it doesn't re-open the crucial oil and gas shipping passage the Strait of Hormuz. 

One Nation's result in the South Australian election is being seen as a warning to the major parties ahead of the next federal vote.

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As the effects of the war in the Middle east continue to reverberate across the globe, are we seeing a return to COVID-era supply and price shocks in Australia?

Australian stocks have fallen sharply over the prospect of a massive escalation in the Middle East war as both the US and Iran threaten to hit critical civilian infrastructure. 

In Australia, the transport industry is warning it is pretty close to disaster due to the soaring cost of fuel. 

The rise of One Nation is being described as a political earthquake in South Australia after months of the far right populist party surging in the polls. 

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