A 10-day ceasefire between Israel and Lebanon has now begun - signalling a pause in Israel's conflict with Iran-backed Hezbollah that has raged in parallel to the war with Iran.

Also, President Donald Trump has lashed out at Australia - again - for not helping re-open the Strait of Hormuz.

Both Defence Minister Richard Marles and his shadow counterpart James Paterson join the program.

It comes as the federal government announces a $53 billion spending boost in defence - but is this enough of an investment? We ask a defence expert.

Recap the morning's news, politics and global affairs with the Breakfast Wrap.