00:00 A ceasefire declared by US President Donald Trump between Israel and Iran appears to be over after just four hours.

Israel's defense minister says they will launch powerful strikes on Iran in retaliation to what it says were missiles launched from Iran towards the country's north after the ceasefire came into effect.

03:26 Middle East Correspondent Matthew Doran explains whether this means the ceasefire is effectively over.

04:54 Israel's retaliatory attacks hit major targets such as Evin Prison, where political dissidents are held, a Revolutionary Guard base, a clock counting down to "Israel's destruction", and the nuclear facility of Fordo.

07:43 Iran forewarned the US and Qatar about its original attack on an American army base, but these latest developments are casting doubt on any hopes of peace, as Middle East Correspondent Allyson Horn explains.

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Oil prices have fallen more than 10 per cent after news broke of Iran's attack on the US Al Udeid air base in Qatar. The drop pushed local shares and the Aussie dollar up with markets optimistic about peace in the Middle East.

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After spiking to a five-month high, the price of brent crude slumped to below $US 70 a barrel after Iran's attacks on the United States' largest military air base in the Middle East. The missile attacks on Al Udeid which resulted in no reported injuries or deaths have been interpreted as a sign of de-escalation from Iran. Shane Oliver, AMP's chief economist and head of investment strategy, says financial markets are betting the risk of an energy supply shock has now receded with the price of oil now below what it was when Israel first attacked Iran. Dr Oliver says energy markets and share markets are likely to look past the war - even if the ceasefire announced by US President Donald Trump fails - that is unless oil supplies are disrupted. He says such an approach from markets is consistent with historical experience of past conflicts from the Middle East. Dr Oliver points out there are ongoing concerns about whether the share market is overvalued. He says the risk premium offered on the Australian share market when looking at the earnings yield compared to the bond yield is very, very low. Dr Oliver says earnings growth is quite weak and could be negative for another financial year, but not necessarily in relation to the situation in the Middle East.

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Shares in Virgin Australia have risen more than 11 per cent on the first day of trade on the ASX, surpassing its initial public offering price of $2.90 a share. Virgin delisted in 2020, after it collapsed into voluntary administration, before being bought by private equity firm Bain Capital.

News of the temporary closure of Qatar's airspace threatened to overshadow Virgin's float, with two of its flights diverted. The airline's chief executive Dave Emerson says he expects flights through Doha today to be delayed but for it to be "business as usual from there", with customers having the option to change or cancel for a refund if they are not comfortable travelling. Qatar Airways became a major shareholder this year, bringing with it expanded access to international routes.

After the company resumed trade on the Australian Securities Exchange (ASX) on Tuesday afternoon, Virgin shares ended 11.4 per cent higher, at $3.23. At the completion of the IPO, Bain's stake in Virgin was reduced to about 40 per cent, while Qatar retains 23.4 per cent. Virgin management hold 7.8 per cent and new investors own the rest. The airline was not seeking to raise funds through the IPO, but rather to deliver a return to its existing owners, who would have their stake reduced.

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Today Justice Christopher Beale instructed the jury on how to decide whether Erin Patterson is guilty or not guilty.

 He laid out the principles of law, summarised the key evidence, and even provided the jurors with what's sure to be a very helpful chronology of all the evidence they've heard.

The Judge also explained what to make of Erin Patterson taking the stand, how to assess evidence from her children, and what to make of good character evidence.

If you've got questions about the case that you'd like Rachael and Stocky to answer in future episodes, send them through to [email protected] (mailto:[email protected])

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It's the case that's captured the attention of the world.

Three people died and a fourth survived an induced coma after eating beef wellington at a family lunch, hosted by Erin Patterson.

Police allege the beef wellington contained poisonous mushrooms, but Erin Patterson says she's innocent.

Now, the accused triple murderer is fighting the charges in a regional Victorian courthouse. Investigative reporter Rachael Brown and producer Stephen Stockwell are on the ground, bringing you all the key moments from the trial as they unravel in court.

From court recaps to behind-the-scenes murder trial explainers, the Mushroom Case Daily podcast is your eyes and ears inside the courtroom.

Keep up to date with new episodes of Mushroom Case Daily (https://www.abc.net.au/listen/programs/mushroom-case-daily) , now releasing every day on the ABC listen app.

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The Israeli government says it has detected and intercepted Iranian missiles over northern Israel just hours after Benjamin Netanyahu confirmed a ceasefire had been agreed upon. Israeli officials have stated plans to respond, calling the strikes a 'severe violation' of the US-brokered ceasefire.

It comes after a wave of Iranian strikes killed at least four people in Be'er Sheva, southern Israel, before the agreed ceasefire period.

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Israeli Prime Minister Benjamin Netanyahu has confirmed that Israel has agreed to take part in a ceasefire with Iran.

Benjamin Netanyahu’s office has claimed the operation against Iran has been a ‘tremendous success’ and has achieved all of its objectives and more.

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The Vera C. Rubin Observatory has begun operations in Chile, surveying the southern night sky in detail using the world's largest digital camera. Astronomers say the first images released are unlike anything they've seen before as thousands of new asteroids were spotted within a few hours of operation.

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In an era of tiny attention spans and instant gratification, Oklahoma City Thunder has built success slowly. The NBA is the kind of global sports league that others use as a blueprint. What lessons have been learned from the Thunder's slow rise. Featured: Phil Murphy, NBA reporter, ESPN.

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eSafety Commissioner Julie Inman Grant has called on the federal government to include YouTube in Australia’s social media ban for teens. The video streaming giant is currently exempt from the draft rules which would see children under 16 blocked from creating accounts on social media platforms like TikTok, Instagram, and X.

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