AM

As we deal with a fuel crisis, a massive blaze rips through one of the country's only two oil refineries.

The International Monetary Fund warns of rising inflation and reduced economic growth if the Strait of Hormuz isn't opened soon.

Donald Trump warns Iranian ships challenging his naval blockade will be taken out as he insists Tehran wants a deal 'very badly'.

Oil prices could soar even higher as Donald Trump announces a blockade of the Strait of Hormuz following the failure of peace talks over the weekend. 

Israel agrees to start ceasefire talks with Lebanon, as its continued attacks on Hezbollah sites in the country strain the already fragile 2-day-old ceasefire in the Middle East.

Both sides are declaring victory but the Middle East ceasefire is now looking fragile with Israel launching waves of attacks on Hezbollah positions in Lebanon.

With his deadline to open the Strait of Hormuz looming Donald Trump issues another wild threat to Iran.

US President Donald Trump's tone is hardening as he mounts increasing threats to Iran, which has rejected the latest ceasefire deal.

More details about the daring rescue of a US pilot downed over Iran as Donald Trump again threatens Tehran's energy plants in an expletive ridden social media post.

Anthony Albanese's rare address to the nation - ahead of rolling out a billion dollar plan to help business ride out the chaos.

Donald Trump tells his allies to 'go get your own oil' - lashing out at them for not helping to open the Strait of Hormuz.

President Trump threatens to 'obliterate' Iran's energy facilities unless Tehran agrees to a peace deal.

National Cabinet convenes to discuss solutions to the fuel crisis but is rationing inevitable?

Severe Tropical Cyclone Narelle threatens towns and cities along Western Australia's north and Mid-West.

An elite US paratroop regiment expected to be deployed against Iran as Israel announces plans to occupy southern Lebanon. 

Tehran denies claims of peace talks after President Trump backs down on an ultimatum to bomb Iran's power plants if it doesn't open the Strait of Hormuz.

Iran vows revenge for strikes on its energy grid as the clock ticks on Donald Trump's deadline to open the Straight of Hormuz. 

In a landslide result, Labor has claimed a second term in South Australia - even increasing its majority in the state.

Communities in far north Queensland are hunkering down this morning as Tropical Cyclone Narelle bears down on them. 

Israel strikes Iran's largest gas field in the Persian Gulf sends oil prices soaring.

Are we headed for a recession? Australians brace for the impact of the RBA's second rate hike. So, has the Government got its economic settings right? The Shadow Treasurer Tim Wilson speaks to AM.

Fuel prices adding to anxiety ahead of a possible interest rate hike today - the Opposition Leader Angus Taylor says the Government can't just blame conflict in the Middle East.

The US admits the obvious – the Strait of Hormuz is not currently safe - and it wants other nations to help secure it.

Iran's new supreme leader has indicated Iran will continue to block the Strait of Hormuz and keep attacking neighbouring Gulf countries. 

Iran strikes shipping in the Straight of Hormuz as the International Energy Agency agrees to the largest release of emergency oil stocks in history.