Mortgage holders copped another interest rate hike from the Reserve Bank yesterday - another financial blow for households as prices at the petrol pump continue to rise.

The government has taken a number of steps to increase the supply of fuel - particularly in regional areas - and hasn't ruled out fuel rationing.

Plus, US President Donald Trump has singled out Australia while criticising allies for refusing to send warships to the Strait of Hormuz in a post on Truth Social.

• GUEST: Andrew Hastie, Shadow Minister for Industry and Sovereign Capability
• PRODUCER: Isadora Bogle