Australia Breaking News

Homayoun Falakshahi, head of crude oil analytics at Kpler, discusses the significance of a potential effort to release emergency oil reserves by the world's largest economies. Speaking on Bloomberg Television, he says the key element of the move would be the speed at which the oil is released. "I don't think the market has the ability for this to be gradual," Falakshahi says. He also adds that a potential release of 400 million barrels "won't be enough" if the war lasts more than 45 to 50 days.

US President Donald Trump has predicted the war with Iran would be resolved "very soon", although he said he didn't believe it would be this week. Meanwhile, Iran chose Mojtaba Khamenei, the hardline son of the assassinated Ayatollah Ali Khamenei, as its new supreme leader yesterday with many taking this is as a signal Tehran won't back down in a war raging across the Middle East. Meir Javedanfar, Professor of Iran Politics at Reichman University in Tel Aviv spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the war in the region.

Oil slumped to near $90 a barrel after those comments from President Trump that the war will end soon. Aditya Saraswat, Senior Vice President AND Head of MENA Research at Rystad Energy spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche on the oil market's reaction to the regional conflict.

Aspen Group (ASX:APZ) joint CEOs David Dixon and John Carter have offloaded 3.5 million securities via a block trade.

Sequoia Financial (ASX:SEQ) unit InterPrac Financial Planning has commenced legal proceedings against the Australian Financial Complaints Authority.

Australian superannuation balances maintained their upward trajectory through February.

Bloomberg's Colum Murphy reports from Guangzhou, where China's shift toward high-tech automation is leaving traditional factory workers struggling to find jobs.

Aussie and Kiwi dollars recover as global oil prices plunge 10%, easing inflation fears and providing a vital reprieve for risk-sensitive markets.

NH3 Clean Energy (ASX:NH3) has achieved two milestones in the development of its WAH₂ Clean Ammonia Project.

Aerometrex (ASX:AMX) announced a boost to its fiscal outlook, securing a suite of new government contracts valued at approximately $2.5 million.

The Albanese government is facing fierce backlash from the Greens and crossbench after introducing emergency legislation to freeze temporary visas.

Orthocell (ASX:OCC) has appointed LEDA Orthopaedics as the exclusive distributor for its flagship collagen nerve wrap, Remplir, across the United Kingdom.