Rubio insists US is ‘very fortunate’ as Iran war pushes gas price near $4.50 05. May 2026 (23:55) US secretary of state says US is better off than other countries hit by disruption in oil suppliesMarco Rubio has argued the US is in a “very fortunate” position as fuel prices continue to climb nationwide amid disruption sparked by the US-Israel war on Iran.With average US fuel prices now approaching $4.50 a gallon – their highest level in four years – the US secretary of state was asked on Tuesday how long Americans should accept them at such levels. Continue reading...(The Guardian)
Australia news live: banks pass on interest rate hike to customers; Sydney ‘globalise the intifada’ forum held in park 05. May 2026 (23:55) Lenders increase borrowing rates by 0.25%; pro-Palestine meeting barred from council venue goes ahead outside in Darlington. Follow updates liveGet our breaking news email, free app or daily news podcastFederal shadow treasurer says any handouts in budget could add to inflationThe federal shadow treasurer, Tim Wilson, has warned that potential cash handouts in next week’s federal budget could add to inflation.Unfortunately when the government hasn’t take inflation seriously, we’ve ended up in this situation and the risk is that if you keep handing out money to households, what you’ll actually do is fuel inflation.This is a government that cuts taxes. We’ve cut taxes already and we will cut taxes again, we made that clear and we made that public.The issue is, the budget won’t be pumping a lot of extra stimulus in the economy, in fact overall we’ll be winding back spending in the budget. Continue reading...(The Guardian)
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