Rising casualties and oil concerns amid expanding Middle East conflict

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In southern Lebanon, an Israeli strike wounded a journalist and a cameraman working for Russian state broadcaster RT. Responding to footage of the incident, Israel’s military said an “explicit warning had been issued regarding this area.”

Lebanon’s Health Ministry says more than 1,000 people have been killed in Lebanon since the conflict between the United States, Israel and Iran escalated, with over one million people being displaced.

A joint statement has been issued by the leaders of the United Kingdom, France, Germany, Italy, the Netherlands and Japan assistance to clear the Strait of Hormuz.

In Australia, insurer NRMA has recommended motorists use E10 fuel and avoid stockpiling petrol in containers. This advice comes as Energy Minister Chris Bowen said fuel supplies are “beginning to flow” from strategic reserves.

US Defence Secretary Pete Hegseth confirmed the Pentagon is seeking at least $US200 billion ($281 billion) from the White House to fund operations in Iran, stating “It takes money to kill bad guys.”

The administration of US President Donald Trump is weighing the possibility of lifting sanctions on millions of barrels of Iranian oil already in transit and may also release additional supplies from US strategic reserves to help stabilise prices, according to US Treasury Secretary Scott Bessent.

The Israeli Defence Forces has struck Iranian targets in the Caspian Sea, damaging naval assets, but has agreed to pause attacks on Iran’s gas fields at the request of President Trump.

Iran’s Foreign Minister Abbas Araghchi warned of “zero restraint” in response to any further strikes on the country’s infrastructure, following an Israeli attack on a major gas field that triggered retaliatory actions by Iran across the Gulf and against Israeli oil refineries.

Source: The Sydney Morning Herald

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