Westpac chief economist Kelly Eckhold said the crisis was far from done as the price of Brent crude oil hit a six-week high yesterday.
Business
11:07am
1:29
Trade Minister Todd McClay has rejected the US's stated reason for the tariff, saying it has "nothing to do with forced labour".
New Zealand
10:22am
The deal would require the kingdom to normalise its relations with Israel through a series of US-brokered agreements called the Abraham Accords.
World
7:43am
The price of Brent crude oil, the international standard, spiked more than 6% overnight, to about US$100 a barrel - the highest level since May.
6:46am
4:25
The US President said online that the US will destroy one bridge or power plant each time Iran shoots at a ship in the Strait of Hormuz.
Thursday 6:36am
The threat to close vital shipping chokepoint Bab el-Mandeb Strait could discourage ships from using the route, further disrupting global oil supplies and international trade.
Wed, Jul 22
James Feehan, 25, of Ewa Beach, Hawaii, and Isabella Gonzales, 19, of Carrollton, Texas, were killed in Jordan in Saturday's attacks.
Tue, Jul 21
Born today, Alec Neel Vance joins older siblings Ewan, 9; Vivek, 6; and Mirabel, 4.
Mon, Jul 20
Step by step, the US and Iran have returned closer to all-out war, with both sides targeting civilian infrastructure.
“It turned out we were a soccer country, and I think it’s going to remain,” Trump said at a FIFA reception at Trump Tower in New York City.
Football
Sun, Jul 19
He claimed, “Americans were blatantly lied to about the security of our election infrastructure."
The region has endured days of back-and-forth attacks in a conflict increasingly focused on control of the strait.
Sat, Jul 18
The US Interior Department cancelled a rule meant to protect plants and animals that are determined to be threatened with extinction.
Iran may be no match for the United States militarily, but it’s been very successful in exerting what leverage it does have over the Strait of Hormuz.
"Under no circumstances and in no way will we allow America, as a foreign and extra regional country, to interfere in the Strait of Hormuz," said a spokesperson for the Iranian military.
Fri, Jul 17
US carries out a wave of strikes, hitting dozens of targets overnight, the military’s Central Command said.
Thu, Jul 16
"The eagle has landed," the writer wrote after the payment was made.
Crime and Justice
Wed, Jul 15
One person was killed and eight others injured in the Iranian strikes near Oman's coast amid another round of US strikes on Iran.
Tue, Jul 14
The 84-year-old confirmed he would not be returning to the Senate "quite yet" after suffering from a fall and "a mild case of pneumonia".
Health
Mon, Jul 13
The longtime Republican senator and Trump ally died on Sunday after what his office called “a brief and sudden illness". He was 71.
Tehran says the strategic waterway will remain shut after firing warning shots at a Cyprus-flagged vessel, while US forces begin a third round of strikes.
Sun, Jul 12
The South Carolina Republican died Saturday night “from a brief and sudden illness,” his office said in a statement.
US Representative Ro Khanna said he was detained by settlers and the Israeli military in the occupied West Bank and released only after calls to the American Embassy in Jerusalem.
The warning came as Washington pressed Iran to publicly declare the Strait of Hormuz open to international shipping.
Sat, Jul 11
No one claimed responsibility for airstrikes that hit Iran after the US said it finished its attacks, leaving questions about who else may be targeting the Islamic Republic.
