Radio National Breakfast

The United States and Iran are reportedly close to an agreement on a one-page memorandum to end the war - that's according to mediator, Pakistan.

It comes as US President Donald Trump warned on social media that "bombing" would restart - at "a much higher level and intensity" - if Iran fails to agree.

In the last few hours, the US military says it shot at and disabled an Iranian-flagged oil tanker, while Israel's military launched fresh strikes on a Hezbollah commander in Beirut.

• GUEST: Charles A. Kupchan, Senior Fellow at the Council on Foreign Relations and former special assistant to President Barack Obama on the National Security Council
• PRODUCER: Pip Cook, Eddy Diamond

For the first time since the second World War - Australia will have a publicly owned fuel stockpile.

Yesterday, Prime Minister Anthony Albanese confirmed next week's budget will include a more than 10 billion-dollar Australian Fuel Security and Resilience package - which will establish a government-owned fuel security reserve of 1 billion-litres of emergency diesel and aviation fuel.

It comes amid a global fuel crisis sparked by the war in Iran and the effective closure of the Strait of Hormuz - which supplies around 20 per cent of the world's oil trade.

Thirteen Australians with ties to former Islamic State fighters are due to arrive in Australia today after spending years stranded in Syria's Al-Roj detention camp.

The federal government says it has plans to manage and monitor the group of four women and nine children.

But it says it will not provide any assistance to the cohort - and they "can expect to face the full force of the law" when they arrive in Australia.

• GUEST: Peta Lowe, Principal Consultant at Phronesis Consulting and Training and former Director of Countering Violent Extremism for Juvenile Justice in the NSW Department of Justice
• PRODUCER: Eddy Diamond

The federal government is just days away from handing down its budget, with the government announcing new funding for fuel resilience - and significant cuts to the National Disability Insurance Scheme.

It comes in a volatile economic climate, with the crisis in the Middle East fuelling inflation across the economy.

Plus, a group of Australian women and children with links to ISIS are flying home today as Federal Police warn they could be arrested on landing. 

• GUEST: Larissa Waters, QLD Senator and Greens Leader

Ted Turner - the founder of CNN - has died overnight at the age of 87.

He was the media mogul who - nearly 50 years ago - invented the concept of 24-hour news.

• GUEST: Peter Ford, the first Australian to anchor CNN and founder of Control Bionics
• PRODUCER: Luke Siddham-Dundon and Katie McAllister

Whatever is going on in the Strait of Hormuz, tens of thousands of seafarers remain trapped, unable to transit the waterway. 

We hear from one Indian seafarer who's been stuck for three months and the union trying to help him.

Then, as she delivered the third interest rate rise of the year, the RBA governor said this in response to a question,

'The extent to which government makes up the shortfalls for households by giving them more money, it makes it harder to dampen demand'.

So what is the government's response to the point that anything it does to support households makes the RBA's job more difficult? We ask the Federal Treasurer Jim Chalmers. 

And we hear about the government's latest attempt to bolster counter-terrorism efforts. 

Recap the morning's news, politics and global affairs with the Breakfast Wrap.

The Munda Biddi track in Western Australia is known as the world's longest off-road cycling trail an epic journey of more than a thousand kilometres from Mundaring south of Perth, all the way to the state's southern-most point, before terminating in Albany.

Clare Reilly has just become the first person to ever complete the trail in a wheelchair.

Guest: Clare Reilly, MS advocate and record holder

Producer: Grace Stranger

When Madonna Wild was a child, she was surrounded by animals — from kangaroos to a protective Great Dane.

It would fuse in her a love for wildlife and a concern for their welfare.

She's gone on to create organisations to find new homes for farm animals — and later other animals from snakes to cats and dogs — by matching them directly from their current home into a new one.

Guest: Madonna Wild, founder of 'Til the Cows Come Home and Into Loving Homes

It's been widely reported that next week's federal budget will feature changes to the capital gains tax, negative gearing and the treatment of trust funds.

Treasurer Jim Chalmers says the changes are needed to help create intergenerational fairness around housing. 

Two experts weigh in on how these changes could work. 

Guest: Peter Tulip, Chief Economist at Centre For Independent Studies + Matthew Bowes, Senior Associate Grattan Institute

Producer: Eddy Diamond

Ahead of next week's budget, the federal government has announced it will spend 74-million-dollars over two years to set up a national centre to "detect and disrupt" the threat of online violent extremism and terrorism.

Last week, an interim report from the Royal Commission on Antisemitism and Social Cohesion found while funding to intelligence agencies increased over the last five years - the proportion of funding allocated to counter-terrorism "significantly declined."

• GUEST: Tony Burke, Minister for Home Affairs
• PRODUCER: Isadora Bogle