Prime Minister Anthony Albanese delivered a rare national address overnight, warning Australians about "uncertain times" ahead — but sending the message the government has their back. But after frenzied speculation, did it fall flat — or did it meet the moment?

It comes amid lots of "pump priming" from the government, as Labor tries to "take the sting" out of petrol prices and keep small businesses afloat. The big price tags come ahead of Treasurer Jim Chalmers' fifth budget in May, which the PM has reiterated will be "ambitious".

And as the US-Iran conflict continues to rage, Labor seems to have shifted its language towards de-escalation.

Fran Kelly and Patricia Karvelas are joined by Katina Curtis, Canberra Bureau Chief at the West Australian on The Party Room.

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