China’s ‘teapot’ oil refineries keep economy brewing – but surging crude prices leave them strained

• Regional diplomats from Saudi Arabia, Turkey, and Egypt met in Pakistan on Sunday to establish a framework for direct US-Iran negotiations, with foreign ministers expected to reconvene Monday to discuss peace terms. • Iran's parliament speaker Mohammed Bagher Qalibaf warned that Iranian forces are "waiting for the arrival of American troops on the ground to set them on fire," while dismissing the US 15-point action list as negotiating under pressure. • The US has deployed thousands of troops to the Middle East including 2,500 Marines aboard USS Tripoli and elements of the 82nd Airborne Division, signaling preparations for potential ground operations despite diplomatic efforts.

• The Israeli Defense Force conducted widespread strikes targeting Iran's missile and nuclear infrastructure on Thursday, marking escalation in the month-long Operation Roaring Lion with strikes on facilities including the Arak Reactor. • Oil prices surged and US stock markets fell sharply Thursday amid renewed uncertainty about potential conflict resolution, with investors expressing doubt over prospects for ending the Iran war. • The escalation coincides with Houthi forces joining the conflict through attacks on Israel and a critical April 6 deadline for potential wider regional military engagement.

South Korea’s transport ministry says domestic airlines have asked authorities to redirect export-bound jet fuel back to the local market amid a supply crunch• Get our breaking news email, free app or daily news podcastSouth Korean airlines have asked their government to help redirect jet fuel exports to the domestic market, threatening half of Australia’s imports of the critical fuel after Chinese authorities earlier this month flagged export restrictions.Amid deepening concerns across Asia about the impact of the escalating Middle East conflict, an official at South Korea’s transport ministry told the Guardian that “some domestic carriers” had asked authorities to redirect export-bound jet fuel back to the local market due to supply concerns. Continue reading...

US president tells Financial Times his ‘preference would be to take the oil’ but that ‘some stupid people back in the US say: “why are you doing that?”’Full report: Iran accuses US of plotting ground assault while publicly seeking talksAnalysis: what the Houthis’ entry into the Iran war means for the conflict and the wider regionThe price of brent crude had now gone over $116 a barrel, while stock markets have slumped in Asia as investors dig in for a protracted Gulf conflict that could bring a spike in inflation and the risk of recession to much of the globe.Brent crude was just over $70 a barrel when the war started last month and prices have risen by over 50% since. Continue reading...

Move comes five days after Jim Chalmers said Labor was not considering cutting the fuel exciseAnthony Albanese has slashed the fuel excise in half in a move which will save motorists 26 cents a litre, and is encouraging people to take public transport where they can, as the national cabinet announces a plan to manage the petrol crisis.Following a meeting of state and federal leaders on Monday, leaders also agreed to reduce the heavy vehicle road user charge to zero for three months, in a bid to support truck drivers. Continue reading...

Younger conservatives say they are disappointed by Donald Trump’s decision to launch war against Iran. Key US politics stories from 29 MarchA generational divide over the Iran war has emerged between older attendees and their political heirs at this year’s Conservative Political Action Conference (CPAC) in Texas, as the group’s leaders pleaded for unity ahead of a challenging midterm election year for Republicans.Younger conservatives spoke of disappointment and even “betrayal” over Donald Trump’s launch of strikes against Iran, saying that the president’s actions run counter to his many pledges to oppose foreign entanglements. Continue reading...

Porepunkah fugitive, 56, had been on the run after killing two police officers in Australian alpine region in AugustFull story: Dezi Freeman shot dead by policeGet our breaking news email, free app or daily news podcastWayne Gatt, secretary of the Police Association Victoria, issued a statement a little earlier confirming the man fatally shot was Dezi Freeman.He said:Our members said they would find him. They did.Closure isn’t the right word. This represents a step forward for our members, for the families of our fallen members and for the community. It doesn’t lessen the trauma, give back the futures that were callously stolen or lessen the collective fear and grief that this tragic event has instilled in police and the wider public.They have worked tirelessly. During the emergency, in the operation that followed and the months thereafter, members across the state have devoted themselves to this singular pursuit. Days like today offer a sobering reminder that policing happens while you sleep, when the media spotlight on an investigation dims and when everything seems lost and forgotten.RIP Vadim and Neal. Today, we remember you. Continue reading...

Levi Vargas, 30, was competing in Baker to Vegas race through Mojave desert as US south-west faces extreme heatLos Angeles county sheriff’s deputy Levi Vargas died on Saturday after a medical emergency while participating in an annual relay race through the Mojave desert. He was 30 years old.Vargas had been competing at the Baker to Vegas Challenge Cup relay race, which follows a 120-mile (193km) course from Baker, California, to Las Vegas, Nevada, through the Mojave desert. Several law enforcement agencies send 20-runner teams annually to compete in the race. Continue reading...

Shooting occurred at a property in north-east Victoria after major manhunt for 56-year-old, who allegedly killed two police officers in PorepunkahFugitive Dezi Freeman, the man allegedly responsible for the shooting deaths of two officers at Porepunkah, has been killed after a seven-month long manhunt in rural Victoria.Victorian police announced on Monday that a man had been shot shortly after 8.30am. Continue reading...

Anatoly Kolodkin could soon discharge at Matanzas port, US official says, three months after Cuba’s last oil importA Russia-flagged tanker carrying Russian crude entered Cuba’s exclusive economic zone on Sunday, according to ship tracking data, in what could be the Caribbean country’s first oil import in over two months.Tanker Anatoly Kolodkin, which departed from Primorsk after loading some 650,000 barrels of Urals crude, could soon discharge at Cuba’s Matanzas port if it does not change its current course, according to tracking services MarineTraffic and LSEG. Continue reading...

PM will also cite Iran war as reason to stick with Labour, as party adopts new slogan: ‘Pride in Britain’ Keir Starmer will say that a vote for Reform UK will put at risk progress Labour is making on the cost of living, arguing that Britain’s values are being tested in a volatile world.Launching the party’s local elections campaign with a new slogan: “Pride in Britain”, Starmer will urge voters to stay the course with Labour. A dire set of results are predicted for the party in Wales, Scotland and English councils, especially in the north-east of England and London. Continue reading...