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The impact of the war in the Middle East is likely to reshape the global economy for years – is this the moment for Australia to change the way it thinks about energy? Post your questions now for our climate and environment editor Sign up here to ask a questionThe US-Israel war on Iran has cause a surge in fossil fuel prices – again. A similar thing happened after Russia invaded Ukraine. Then it was gas, now it’s petrol and diesel.The war has triggered a fuel crisis, and led to a surge in people considering buying electric cars. Meanwhile, a recent report found Australian federal and state government will pay or forgo A$16.3bn in fossil fuel subsidies this financial year. Continue reading...

• Micron Technology reported blowout earnings results, while Nvidia issued a stunning outlook for its Blackwell and Rubin AI products, yet the broader market has not responded positively to either announcement. • Morningstar increased Micron's fair value assessment following its earnings beat, and upgraded Nvidia's fair value based on the company's AI product roadmap expansion. • The muted market response to strong tech earnings reflects ongoing concerns about macroeconomic headwinds, including geopolitical risks and Federal Reserve policy decisions that are weighing on investor sentiment.

National intelligence director said voting machine seizure was requested by US attorney in Puerto Rico – who’s been trying to revive 2020 election conspiracy theoryWhen the US director of national intelligence (DNI), Tulsi Gabbard, testified on Thursday that her office seized voting machines from Puerto Rico, she said it was at the request of the office of the US attorney in Puerto Rico. Left unsaid was that the prosecutor, as the Guardian previously reported, has been the center of a push by Donald Trump supporters to revive a long discredited conspiracy theory purporting to link Venezuela to Trump’s 2020 electoral defeat.Venezuelan president Nicolás Maduro, the conspiracy theory maintains, controlled electronic voting machines worldwide and remotely manipulated results in 2020 to deprive Trump of a presidential victory. Continue reading...

• President Trump met Japan's prime minister on March 20, fielding questions from Japanese media on why allies were not warned before US strikes on Iran. • Meeting occurs as US redirects focus to Middle East, potentially weakening joint priorities with Japan on trade and security issues. • Discussions highlight differing US-Israel goals in the conflict, with Trump denying plans to deploy ground troops.

• President Trump stated the US should rethink NATO membership after allies refused to send warships to secure the Strait of Hormuz amid the US-Israel-Iran war. • Multiple American partners balked at Trump's requests for naval assistance in protecting oil tanker traffic through the vital waterway. • A senior UAE official indicated openness to helping, contrasting with broader allied reluctance that risks one-fifth of global oil flows.

$11.3bn more than enough to fund EPA or National Cancer Institute, where administration sought to slash budgetsSign up for the Breaking News US email to get newsletter alerts in your inboxThe US spent $11.3bn on just the first week of its military assault on Iran. This huge expenditure dwarves the annual budgets of many of the public health and scientific agencies the Trump administration has sought to cut, raising stark questions about the country’s priorities.In the six days that followed the US and Israel’s joint attack on Iran on 28 February, $11.3bn was spent on American taxpayer-funded bombs that hit the country and caused hundreds of deaths, the Pentagon has told lawmakers. This figure does not capture the full cost of the conflict, such as deployment of forces, and will now be far higher given the ongoing nature of the war. Continue reading...

Suspects accused of throwing explosive devices at rightwing anti-Islam protesters as tensions rise across USEarly on Monday afternoon, two teens in white plastic jumpsuits were escorted into a Manhattan federal courtroom. Emir Balat and Ibrahim Kayumi, who were shackled and handcuffed, quietly took their seats at the defense table.If not for the metal restraints and jail garb, Balat, 18, and Kayumi, 19, could have been any number of young men who carry themselves with an aura of discomfort about their place in America. Continue reading...