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As oil and gas commodities soar on global markets, there's another very precious commodity which leaders in the Gulf are anxiously watching: water.
Much of the region has been in drought in recent years, with water supplies for some countries hitting historic lows.
And in this latest conflict, water desalination plants have come under attack in Iran and Bahrain.
Iran has a new leader: Mojtaba Khamenei.
The chosen successor who now leads his war-torn nation is the second son of the late supreme leader - Ayatollah Ali Khamenei.
So, who is Mojtaba Khamenei - and what does his leadership mean for a nation at war with the US and Israel?
Iran wrapped up its Women Asian Cup run with a two-nil loss to the Philippines on the Gold Coast last night, but there are grave concerns over what happens to the players now.
The players' decision not to sing the national anthem before a match last week prompted an angry rebuke on Iranian state television; with one presenter saying, "in times of war, traitors must be dealt with more harshly".
Human rights groups are now worried the players face severe punishment if they return home.
Then, we hear from the former Lebanese Health Minister about Israel's latest strikes in Beirut.
And the E-Safety Commissioner discusses the latest online safety code.
Recap the morning's news, politics and global affairs with the Breakfast Wrap.
It's been called a major milestone in Australia's bid to protect children online.
From today, sweeping new online safety codes take effect; forcing platforms - from search engines to social media apps, video games and even AI chatbots - to introduce stronger safeguards and age checks around pornography, violence and other harmful content.
Companies that fail to comply could be hit with penalties of up to $49.5 million per breach.
When genealogist Peter Capomolla Moore was in his late 50s, he decided to do a DNA test to find out more about his family.
It would be the start of a life-changing journey that revealed Peter was adopted - and that his birth mother had been forced to give him up.
Thirteen years after then-prime minister Julia Gillard's national apology for forced adoptions, Peter and others like him are still fighting for recognition.
The federal opposition has sought a security briefing from the government following requests for military assistance from Gulf states under continued attack by Iran.
The Foreign Affairs Minister Penny Wong says the government is considering requests for protection against drone and missile attacks - but she's ruled out Australian involvement in any offensive action.
Iran wrapped up its Women Asian Cup run with a two-nil loss to the Philippines on the Gold Coast last night, but there are grave concerns over what happens to the players now.
The players' decision not to sing the national anthem before a match last week prompted an angry rebuke on Iranian state television; with one presenter saying, "in times of war, traitors must be dealt with more harshly".
Human rights groups are now worried the players face severe punishment if they return home.
Players would have to ask Australian authorities for asylum, but the team has been heavily guarded by officials reportedly linked to the Iranian Revolutionary Guard Corps.
The IRGC has been registered as a state sponsor of terrorism in Australia.
The federal government is considering a request from Gulf states to send military assistance, amid ongoing Iranian strikes on civilian infrastructure across the region.
Thick black smoke blankets the skies over Tehran, and residents report oil-filled rain after Israel pounded Iranian oil facilities in Tehran.
As Iran's unofficial closing of the Strait of Hormuz enters its second week, maritime insurance premiums for war coverage are surging - in some cases by more than a thousand per cent.
The Trump Administration says it will provide reinsurance for losses of up to $20 billion in the Gulf region - in a bid to provide confidence for oil and gas shippers during the war on Iran.
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