
A cargo ship was attacked near the Strait of Hormuz, with discussions on the implications for regional security and Australian budget expectations.
A cargo ship has been attacked near the Strait of Hormuz. The UK military says the unidentified ship was attacked by a group of small boats off the Iranian city of Sirik, with all crew reported to be safe. While no one has claimed responsibility for the attack, Iranian officials have asserted that they control the strait and that ships not affiliated with the United States or Israel can pass if they pay a toll. Meanwhile, Tehran's foreign ministry says it's received a response from Washington to its 14-point proposal to bring an end to the Middle East conflict. State media has reported that a nuclear deal is not currently part of negotiations The Federal Treasurer has moved to set expectations around cost-of-living relief in the upcoming budget, saying the Albanese government is focused on saving more than it spends. Jim Chalmers is warning Australians not to expect significant cost-of-living handouts, saying the may 12 budget will be the government's "most responsible yet". The government's expecting an increase in revenue thanks to high prices for commodities like coal and gas due to the Iran war , but Mr Chalmers says that'll be used to pay down debt and fund essential…
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