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Hello and welcome back to our rolling coverage of Australian and world news this Friday, November 13 . Here’s what is making headlines today.
Washington: US President Donald Trump said the US does not need a deal with Iran and directed Vice President JD Vance, who has played a role in efforts to resolve the war, to focus “his complete and total attention” on alleged crime and corruption in Democratic-run cities and states.
Trump’s directive came a day after The Wall Street Journal reported that Vance was considering face-to-face peace talks with a hard-line Iranian security official and a week after the vice president blamed the costly war with Iran for Republicans’ midterm elections drubbing.
“We don’t need a deal with Iran. Those days have long since passed. We’ve got their money, Hundreds of Billions of Dollars, and we’ve got their Strait!” Trump wrote on social media, referring to the Strait of Hormuz.
Vance has long been seen as sceptical of the war the US and Israel launched on Iran in February. His office did not immediately respond to a request for comment.
Australian motorists are finally seeing some relief at the petrol pump, new analysis shows, as steep falls in global oil prices start flowing through to service stations, wiping roughly 20¢ a litre off local fuel costs so far this month.
For the first time since August, average petrol and diesel prices have started to tumble nationwide, driven by a sharp 20 per cent drop in the cost of Tapis Crude, Australia’s regional oil benchmark, over the past fortnight.
NRMA figures to be released today show the national average for regular unleaded has fallen by almost 22¢ since late October to $2.23 a litre. Diesel prices, meanwhile, have fallen by more than 20¢ to $2.71 a litre. At some service stations, unleaded has now dipped back below the $2 mark.
The price retreat comes as markets are responding to a long-awaited lift in Middle East oil shipments and signs that Donald Trump wants to de-escalate the Iran war following his party’s heavy losses in the United States midterm elections.
Hello and welcome back to our rolling coverage of Australian and world news this Friday, November 13 . Here’s what is making headlines today.
