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Saturday 1 August 2026
Iran on a knife’s edge, Ceuta in chaos, Venezuela talking — and your petrol is about to go up on Monday.
Trump weighing imminent strikes on Iran’s oil and power infrastructure
No direct Australian military involvement, but Iran controls the Strait of Hormuz. Strikes could spike global oil prices, feeding directly into Australian petrol costs and RBA inflation forecasts.
Bond markets now fully price a fourth RBA rate hike this year as oil reignites inflation
Directly affects every Australian with a variable-rate mortgage, personal loan or business credit. A fourth hike would push the cash rate above its 2024 peak and add hundreds of dollars per year to typical mortgage repayments.
Full fuel excise returns Monday — petrol set to rise about 17 cents a litre
Affects every Australian who drives. The excise was halved in March after oil spiked at the start of the Iran war. It expires this weekend, adding roughly $10 to a family-car fill at a time when crude oil is also rising independently.
Australia’s Census is ten days away — every resident must complete it
Legal obligation for every person in Australia on the night of 11 August — citizens, permanent residents, temporary visa holders and tourists alike. Failure to complete carries a fine.
60,000 migrants crossed into Spain’s Ceuta; dozens died, EU demands emergency talks
No direct Australian consequence. Significant as a European migration and geopolitical event that will shape EU policy, Spain-Morocco relations and broader border-security debates globally.
The slow burn, weekly.
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