The US-Iran war entered a chaotic new chapter following the unravelling of a short-lived ceasefire, with Israel striking Lebanon and Iran closing the Strait of Hormuz once again.

Meanwhile, AI infrastructure company Firmus raises $750 million at an $8 billion valuation as it barrels towards its highly anticipated IPO.

We discuss:

• The collapse of the US-Iran ceasefire.
• Market reaction and oil prices.
• How Australian political leaders have responded to Trump's inflammatory war rhetoric.
• Iran's meme war and the new frontier of digital propaganda.
• Firmus's $750 million raise and Nvidia's circular investment strategy.
• Firmus' IPO roadshow and the Tasmanian bet.

On The Call is a weekly live conversation with the Capital Brief newsroom on the stories driving the agenda in Australia's centres of power.

Host Harshdeep Kaur sits down with Capital Brief's best journalists to dissect what we're watching and why it matters, and answer questions from our subscribers live.

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