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

Listen to the latest updates from ABC News

Explosions have rocked southern Beirut today, as Israel claims it's struck Hezbollah infrastructure in the Lebanese capital.

Earlier today, an explosion was heard from southern Beirut, with a cloud of smoke seen rising over the skyline.

Israel also says it's made another wave of strikes on infrastructure across Iran including several long-range ballistic missile launch sites it says were prepared for launch toward Israel.

Iran's UN ambassador says US-Israeli attacks have killed at least 1,300 Iranian civilians and wounded thousands.

The disruption of global fuel supply chains due to the war in the Middle East is beginning to impact Australian food producers.

Australian fuel wholesalers have begun rationing their supply, with federal energy minister Chris Bowen attributing panic-buying to the shortages reportedly being experienced by farmers in regional areas.

The Australian share market has lurched down in response to the surge in oil, with the ASX 200 closing down two-point-nine per cent.

Two Australian men have been jailed by an Indonesian court, over the murder of a Melbourne father who was shot and killed in a Bali villa last year.

The pair have been sentenced for 16 years - after they told the court they killed Zivan Radmanovic, after mistaking him for another man they had been sent to intimidate.

Mr Radmanovic was staying at the tourist accommodation as part of birthday celebrations for his wife Jazmyn Gourdeas.

Mojtaba Khamenei, has been named as the new supreme leader of Iran.

He replaces his father, Ayatollah Ali Khamenei, who was killed in the first wave of US and Israeli strikes.

Explosions have been reported throughout the Gulf States, including in Bahrain, where state owned media says 32 people were injured in an Iranian drone strike.

Meanwhile, the price of crude oil has risen above US$110 a barrel as the Strait of Hormuz, a critical choke point for shipments, remains effectively closed.

The surge has sent a shock through the ASX, which has ended the day 3.2 per cent lower

It's the Australian market's worst day since the so called "Liberation Day" sell-off in April last year, and has seen the broad All Ordinaries index shed around $120 billion in value.

And there've been warnings from human rights groups that Iran's Women's soccer team could face punishment when they return home.

The players refused to sing the national anthem before their first Asian Cup match last week, but then saluted and sang before the second game against Australia, after a barrage of criticism from Iran.

Former Socceroos captain and human rights campaigner Craig Foster says the federal government should offer protection to the team if football authorities fail to do so.

Iran has launched its first wave of missiles under its new supreme leader Moshtaba Khamenei.

Iran has been launching drones and missiles against Israel and Arab Gulf states.  

Moshtaba is the son of Ayatollah Ali Khamenei, who was killed in US and Israeli strikes at the beginning of the Iran war.

The US and Israel are meanwhile continuing their bombardment of Iran.

The federal government says Australia's emergency fuel stockpiles have not yet been accessed, as the war in the Middle East disrupts global supply.

Some Australian wholesalers, including United Petroleum, have begun rationing - halting supply to regional fuel distributors.

Brent crude has surged more than 25 per cent, past US$115 a barrel.

that's triggered a sharp sell off on the ASX. 

It's now down more than 4 per cent

The Northern Territory government says trucks carrying food will be able to get to Katherine today.

The Stuart Highway has been closed on both sides of the town since major flooding hit the region on Friday, causing supply chain issues and food shortages across the NT.

Chief Minister Lia Finocchiaro says only vehicles carrying essential supplies will be able to access the town.

The conflict in the Middle East is starting to have a significant impact on Australia's economy, given the fighting looks a long way from easing.

The ASX has opened with a sharp sell off and is down more than three per cent.

The oil price has surged alarmingly, more than 15 per cent, and is now $100 US a barrel for the first time in more than three and a half years.

Petrol prices have been rising sharply across Australia causing people to panic buy and fill up jerry cans at the bowser.

The situation is also worrying farmers who rely heavily on affordable fuel and fertiliser.

This comes as Iran's state media reveals Mojtaba Khamenei will replace his father Ali Khamenei as the country's new supreme leader.

It means hard-liners are still in control of Iran, and that's at odds with efforts from the US and Israel to bring about regime change.

It's also raised questions about whether the US and Israel will assassinate Mojtaba, like his father.

Pressure's on the Australian Government to try and find a solution to stop the potential persecution of the Iranian women's soccer team who are about to return home after the Asian Cup.

The team's been playing matches in Australia but they didn't sing the national anthem during one of their games, prompting backlash from the hard-line regime.

Aid groups warn players are in a difficult position because even if they are offered asylum, their families could face persecution back home. 

There's a new supreme leader of Iran and he's the son of the former Ayatollah Ali Khamenei.

But Mojtaba might also be assassinated like his father.

US president Donald Trump said earlier if his administration doesn't approve, the Ayatollah's successor won't last long.

It means the hard-line regime remains in control despite the US and Israel hoping for change as it continues bombing the country.

Meanwhile oil prices have surpassed $100 US a barrel for the first time in more than three and a half years as the war creates supply issues.

The Federal Government's under pressure to offer protection to the Iranian soccer team, due to fears they'll be persecuted when they return home from Australia.

The team didn't sing the national anthem after one of their Asian Cup games and it attracted fierce criticism from the regime.

The team's management is also accused of breaching human rights by not letting players speak to the media.

There's been plenty of discussion this morning about a proposed new visitor charge at one of Australia's most well-known destinations, the 12 Apostles.

The Victorian Government's going to consult with local groups to figure out what the tourist tax should be, but insists locals won't have to pay.

About six million visitors see the 12 Apostles every year and the fee will be spent on tourism infrastructure along the stretch of famous coast.