Middle East crisis live: Trump seeks to delay summit with China’s Xi amid Iran war; US embassy in Baghdad reportedly targeted in air attack

Trump says delay of ‘a month or so’ requested while key official insists move is not to pressure Beijing to help unblock strait of Hormuz; Iraqi officials say drones and rockets attacked embassy

European countries reject Trump’s call for help to reopen strait of Hormuz

How have you been affected by the latest Middle East events?

Are fuel price increases making you cut back?

The Reserve Bank of Australia has increased interest rates amid the energy shock worldwide.

The hike takes the central bank’s cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year.

Developments in the Middle East remain highly uncertain, but under a wide range of possible scenarios could add to global and domestic inflation.