Amid Ongoing

Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arriveFederal budget 2026 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2026 Australia federal budget coverageGet our breaking news email, free app or daily news podcastThe budget for Australia’s contentious Aukus deal has ballooned by more than $430m over four years, with the agency charged with securing the country’s nuclear-powered submarines requiring a massive injection of funding and staffing.The Australian Submarine Agency’s resourcing for next financial year will jump by a third – from $385m to $512m. Continue reading...

• Donald Trump announced a major ceasefire between Israel and Lebanon while signaling progress toward a potential nuclear deal with Iran. • The development represents a significant diplomatic initiative amid broader Middle East tensions and ongoing US-Iran negotiations. • The ceasefire comes as regional dynamics continue to shift with multiple diplomatic channels active simultaneously.

• The U.S. and Iran agreed on Tuesday to a two-week ceasefire, marking a potential diplomatic breakthrough after 47 days of conflict. • Under the agreement, both Iran and Oman will be permitted to participate in the pause in hostilities, with U.S. military personnel and weaponry remaining positioned in and around Iran until a peace deal is finalized. • The ceasefire emerges as negotiators push for a next round of talks, though tensions remain high with shipping disruptions continuing in the Strait of Hormuz.

• The EU Council approved a new sanctions package on April 11 targeting 28 Russian oligarchs and 15 companies involved in military procurement, freezing assets valued at approximately €3.2 billion. • The sanctions aim to disrupt Russian defense supply chains and increase pressure on Moscow's ability to sustain military operations in Ukraine, with measures including travel bans and financial transaction restrictions. • EU Foreign Affairs Chief Josep Borrell stated the sanctions demonstrate "unwavering support" for Ukraine, though critics argue they remain insufficient to alter Russian strategic calculations.

• The Senate voted early Friday morning to approve a Department of Homeland Security funding bill that excludes funding for Immigration and Customs Enforcement (ICE) and portions of U.S. Customs and Border Protection (CBP), ending weeks of stalled negotiations. • Republicans indicated they plan to fund immigration enforcement agencies through a separate reconciliation bill in fiscal 2027, bypassing the normal appropriations process and relying solely on GOP votes. • The Senate-passed measure faces significant obstacles in the House, where hardline conservatives have already signaled opposition, threatening to extend the DHS shutdown beyond its current five-week duration.

• President Trump announced he is delaying threatened strikes on Iran's energy infrastructure, citing productive talks on ending the war and extending the deadline for Iran to reopen the Strait of Hormuz. • Iranian leaders continue to deny any direct talks are taking place with U.S. officials, maintaining their public position on the dispute. • The delay signals potential diplomatic progress while tensions remain high over regional shipping routes critical to global oil supplies.

• President Trump announced a 10-day pause in strikes on Iran's energy infrastructure through April 6, 2026, at 8:00 p.m. Eastern time, citing ongoing negotiations mediated by Pakistan under a 15-point framework. • Trump disclosed that Iran sent ten oil tankers as a goodwill gesture, and Secretary of State Marco Rubio characterized Iran's clerical leadership as "religious fanatics" posing a global nuclear threat. • Israel confirmed the killing of Iran's navy head responsible for Strait of Hormuz disruptions, while Iran launched emergency recruitment and lowered its draft age to 12, according to CBN News reporting.