WEBVTT - US, Saudi Arabia unite in strikes against Iran

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<v Speaker 1>Today's biggest news from the Australian I'm Christinamia with the

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<v Speaker 1>Front's afternoon headlines. The pressure is on Donald Trump to

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<v Speaker 1>make a deal with Iran after the United States and

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<v Speaker 1>Saudi Arabia conducted their first joint strikes on Iranian assets.

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<v Speaker 1>The joint operation comes after Iran launched a surprise attack

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<v Speaker 1>on US troops in Jordan and rejected a proposal by

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<v Speaker 1>Oman to evenly divide control of the Strait of Hormuz.

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<v Speaker 1>It's the vital shipping route through which about twenty percent

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<v Speaker 1>of the world's oil passed before the Iran conflict kicked

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<v Speaker 1>off in February. The situation has prompted a new push

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<v Speaker 1>for mediation between the warring nations as the global economy

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<v Speaker 1>wears the effects of the hostilities. Just today, after Reserve

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<v Speaker 1>Bank boss Michelle Bullock warned more rate rises could be

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<v Speaker 1>on the cards, inflation has taken a dive. Headline inflation

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<v Speaker 1>dropped from four percent to three point eight percent in

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<v Speaker 1>the year to June, a bigger fall then expected. Treasurer

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<v Speaker 1>Jim Chalmers said the new numbers approved. The Albanese Labour

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<v Speaker 1>government is making inroads on skyrocketing inflation as the Middle

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<v Speaker 1>East conflict drags on. The Reserve Bank likes headline inflation

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<v Speaker 1>to sit between two and three percent before it starts

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<v Speaker 1>cutting the cash rate, but the trimmed mean that's the

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<v Speaker 1>RBA's preferred inflation number, is holding steady at three point

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<v Speaker 1>six percent. The Central Bank is expecting that number to

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<v Speaker 1>rise this year. Australia's Commonwealth Games gold rush continued in

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<v Speaker 1>Glasgow overnight, with nine athletes scooping up gold medals in

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<v Speaker 1>the pool, athletics and gymnastics. Sprinter Lachlan Kennedy ran a

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<v Speaker 1>narrow second place in the men's one hundred meter finals,

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<v Speaker 1>but smashed Australia's national record to become the fastest one

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<v Speaker 1>hundred meter runner in Australian history. Kennedy on the line,

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<v Speaker 1>I think check out those stories live right now at

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<v Speaker 1>the Australian dot com dot au and come back to

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<v Speaker 1>the front first thing in the morning for our look

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<v Speaker 1>at the latest development in a legal saga that's enveloped

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<v Speaker 1>successive governments. It's the settlement reached between the Commonwealth and

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<v Speaker 1>the former political staffer Fiona Brown. That's right here Thursday morning,