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But US President Donald Trump has threatened to restart strikes on Iran for its support of Hezbollah militants in Lebanon.
Sir Keir Starmer is widely expected to resign or lay out a timetable for his departure as early as today.
The Iranian military says it has closed the Strait again - in response to Israel's latest attacks in southern Lebanon.
The federal government has unveiled carve-outs to its proposed capital gains tax changes, following complaints from business groups and start-ups.
A 50% capital gains concession for small businesses will be expanded to all those with a turnover up to 10 million dollars, and there will also be carve outs for startups and discretionary testamentary trusts. So how is the federal Treasurer defending the change?
Recap the morning's news, politics and global affairs with the Breakfast Wrap.
The eyes of the footballing world will be on Seattle tomorrow, when the Socceroos take on World Cup co-hosts the United States in their second group stage match.
The government has unveiled further carve-outs to its proposed capital gains tax changes.
But COSBOA say they were hoping the carve outs would go further.
From US restrictions on advanced AI systems to Europe's push for home-grown alternatives, concerns about digital dependence are growing.
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