Speaker 1: Today's biggest news from the Australian I'm Christinamia with the
Speaker 1: Front's afternoon headlines. The pressure is on Donald Trump to
Speaker 1: make a deal with Iran after the United States and
Speaker 1: Saudi Arabia conducted their first joint strikes on Iranian assets.
Speaker 1: The joint operation comes after Iran launched a surprise attack
Speaker 1: on US troops in Jordan and rejected a proposal by
Speaker 1: Oman to evenly divide control of the Strait of Hormuz.
Speaker 1: It's the vital shipping route through which about twenty percent
Speaker 1: of the world's oil passed before the Iran conflict kicked
Speaker 1: off in February. The situation has prompted a new push
Speaker 1: for mediation between the warring nations as the global economy
Speaker 1: wears the effects of the hostilities. Just today, after Reserve
Speaker 1: Bank boss Michelle Bullock warned more rate rises could be
Speaker 1: on the cards, inflation has taken a dive. Headline inflation
Speaker 1: dropped from four percent to three point eight percent in
Speaker 1: the year to June, a bigger fall then expected. Treasurer
Speaker 1: Jim Chalmers said the new numbers approved. The Albanese Labour
Speaker 1: government is making inroads on skyrocketing inflation as the Middle
Speaker 1: East conflict drags on. The Reserve Bank likes headline inflation
Speaker 1: to sit between two and three percent before it starts
Speaker 1: cutting the cash rate, but the trimmed mean that's the
Speaker 1: RBA's preferred inflation number, is holding steady at three point
Speaker 1: six percent. The Central Bank is expecting that number to
Speaker 1: rise this year. Australia's Commonwealth Games gold rush continued in
Speaker 1: Glasgow overnight, with nine athletes scooping up gold medals in
Speaker 1: the pool, athletics and gymnastics. Sprinter Lachlan Kennedy ran a
Speaker 1: narrow second place in the men's one hundred meter finals,
Speaker 1: but smashed Australia's national record to become the fastest one
Speaker 1: hundred meter runner in Australian history. Kennedy on the line,
Speaker 1: I think check out those stories live right now at
Speaker 1: the Australian dot com dot au and come back to
Speaker 1: the front first thing in the morning for our look
Speaker 1: at the latest development in a legal saga that's enveloped
Speaker 1: successive governments. It's the settlement reached between the Commonwealth and
Speaker 1: the former political staffer Fiona Brown. That's right here Thursday morning,