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Speaker 1: You're listing to a Muma Mia podcast. Hi. I'm Jemmy

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Speaker 1: Donna Who with the latest from the Quickie newsroom For Tuesday,

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Speaker 1: March seventeen. The Reserve Bank of Australia has raised the

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Speaker 1: official cars rate from three point eighty five percent to

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Speaker 1: four point ten percent, a twenty five basis point jump

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Speaker 1: designed to cool down a recent spike in inflation. This

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Speaker 1: was a close call, with a five to four split vote,

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Speaker 1: triggered by concerns that Middle East conflicts are driving up

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Speaker 1: fuel prices and that the local job market is tighter

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Speaker 1: than we thought. The board is worried if they don't

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Speaker 1: act now, the cost of living will stay high for

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Speaker 1: longer than previously hoped. The United Arab Emirates has officially

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Speaker 1: closed its entire airspace as an exceptional precautionary measure following

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Speaker 1: reports of incoming missile and drone threats from Iran. The

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Speaker 1: escalation comes as Tehran accused the UEE of allowing its

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Speaker 1: territory to be used for air raids against Iran, a

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Speaker 1: claim Emorati officials have denied, while the Israeli military simultaneously

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Speaker 1: confirmed a new wave of missiles heading toward their own

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Speaker 1: borders as the region braces for further security developments. US

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Speaker 1: President Donald Trump has expressed frustration with allies like the

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Speaker 1: UK for their reluctance to be drawn into a wider wall.

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Speaker 1: Passengers are currently being urged to contact their airlines immediately

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Speaker 1: for the latest travel updates. Residents across far North Queensland

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Speaker 1: are on high alert as the Bureau of Meteorology issues

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Speaker 1: a cyclone watch for tropical low three four U, which

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Speaker 1: is expected to intensify into tropical cyclone Narrel as early

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Speaker 1: as tonight. The system is currently moving through the Coral

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Speaker 1: Sea and could reach a category three severity, bringing destructive

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Speaker 1: wind gusts of up to one hundred and fifty five

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Speaker 1: kilometers per hour to areas between Cohen and Cooktown. A

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Speaker 1: coastal crossing is currently forecast near Coln for Friday morning,

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Speaker 1: threatening communities already weary from recent heavy flooding and infrastructure damage.

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Speaker 1: Stranded residents in Cape York Peninsula are particularly worried about

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Speaker 1: power outages affecting food supplies, while local tour operators are

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Speaker 1: scrambling to secure equipment following previous boat losses. Stranded residents

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Speaker 1: in Cape York Peninsula are particularly worried about power outages

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Speaker 1: affecting food supplies, while local tour operators are scrambling to

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Speaker 1: secure equipment following previous boat losses. Authorities are urging everyone

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Speaker 1: from Port Douglas to the Lockhart River to finalize their

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Speaker 1: cyclone preparations immediately as the storm approaches. The Australian Competition

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Speaker 1: and Consumer Commission has officially summoned major fuel retailers, including

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Speaker 1: BP and AMPOL, to an emergency meeting to explain skyrocketing

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Speaker 1: petrol prices following the closure of the Strait of Humus,

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Speaker 1: where a large portion of the world's petrol supply passes through,

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Speaker 1: with unleaded fuel clibs coming above two dollars twenty eliter,

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Speaker 1: Treasurer Jim Chalmers warned the watchdog will throw the book

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Speaker 1: at any suppliers found engaging in price gouging or misconduct.

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Speaker 1: To combat looming shortages, the federal government is relaxing fuel

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Speaker 1: standards for two months, a move expected to inject an

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Speaker 1: extra one hundred million liters into the market monthly. Meanwhile,

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Speaker 1: the energy crisis has sparked a heated debate over supply,

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Speaker 1: with some MPs suggesting fuel rationing for cities to prioritize

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Speaker 1: farmers and regional areas. Officials are urging Australians to avoid

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Speaker 1: panic buying and are instead encouraging the use of public

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Speaker 1: transport to ease the strain on the nation's reserves. Two

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Speaker 1: Iranian national football players have officially traded their international jerseys

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Speaker 1: for Brisbane Raw colors as they seek asylum in Australia.

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Speaker 1: The pair hit the training pitch with the Raw's A

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Speaker 1: League women's squad on Monday, following a high stakes defection

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Speaker 1: during the Women's Asian Cup. The pair were part of

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Speaker 1: a group of seven players and staff who initially refused

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Speaker 1: to return to Iran, where they'd been branded traders for

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Speaker 1: protesting their national anthem. While five of the group recently

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Speaker 1: reversed their decisions to head home, the remaining two are

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Speaker 1: now being housed at a secure location with the full

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Speaker 1: support of the Australian government. The Brisbane Raw CEO says

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Speaker 1: the club is committed to providing a safe haven for

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Speaker 1: the athletes as they navigate the next stages. That's the

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Speaker 1: latest from the Quickie newsroom. On Wednesday's episode, we'll unpack

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Speaker 1: the latest from the Karl and Jackie o Radio saga

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Speaker 1: listen to the Quickie wherever you get your podcasts. Mumma

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Speaker 1: Mea acknowledges the traditional owners of land and waters that

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Speaker 1: this podcast is recorded on.