Penny

The prime minister will hold talks with his opposite number to shore fuel suppliesGet our breaking news email, free app or daily news podcastPenny Wong says the US-Iran ceasefire is fragile but must hold for the sake of the world economy and energy markets.Speaking on ABC’s 7.30, the foreign minister said there were obvious differences between the two parties but the potential downsides to the truce failing meant it was imperative that it worked.This ceasefire is fragile, there’s no doubt about that. The ceasefire is fragile but the world does need it to hold. There are obviously substantial points of difference between the parties. But I think we all know that the damage that is happening to the global economy, to global energy markets, means that the world does need this ceasefire to hold.And you know, I spoke early on to Singapore, to Korea, to Malaysia, the Prime Minister, as you said, is going to Singapore, we’ve seen one announcement already and we will continue to work with them. I spoke to the Japanese foreign minister just before this interview, we want to keep engaging with our counterparts, because this is a very large shock to global energy markets, and one that will continue to have an effect.I can understand people being really concerned about what is happening on global markets and what has happened in the Middle East, and the way this has escalated, which is why we have been saying for some time, it’s time for de-escalation. Continue reading...

Talks, convened by the UK, will examine ‘all viable diplomatic and political measures’ to get critical waterway openFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia will join talks with 35 nations, convened by the United Kingdom, to explore ways to reopen the strait of Hormuz, the government confirmed on Thursday.The UK prime minister, Keir Starmer, announced the meeting on Wednesday, which will exclude the United States, to discuss “all viable diplomatic and political measures” to secure the waterway and restore freedom of navigation. The meeting is expected to take place at about 10pm AEDT on Thursday. Continue reading...

Foreign minister reiterates condemnation of Iran over the strait of Hormuz, and says Australia does not want to see occupation of southern Lebanon by IsraelPenny Wong has told her Israeli counterpart that Australia supports Lebanon’s sovereignty and does not want to see the southern part of the country occupied by Israel, after the Netanyahu government revealed plans to pursue a “defensive buffer” against Iran-backed armed group, Hezbollah.It comes as Israel vowed to continue striking Iran, dimming hopes of de-escalation even as US president Donald Trump talked up the prospects of a deal to end the conflict. Continue reading...

But Michael Shanks says government will not be rushed into plans to reduce costs faced by households due to war in IranBritain’s energy minister has said “every penny” levied on household energy bills will be scrutinised after suppliers warned that households could face a price hike of £250 a year due to the war in Iran.Michael Shanks told MPs that the government would stand ready to provide support wherever needed, but it would not be rushed into plans to reduce the costs faced by households or offer direct financial support. Continue reading...