Fuel Excise Cut, Iran Conflict, Fertiliser Shortages: Podcast Update

0:00Australia's government just have the fuel excise to ease your wallet, promising about $19 savings per tank. But don't rush to the pump yet. Labor says it'll take a couple days in big cities, or even one to two weeks in regional spots where fuel turns over. Slower, since the cut hits wholesalers first. Assistant Treasurer Daniel Milino's confident that $2.5 billion hit fits the budget without stoking inflation too much. Meanwhile, states and territories agreed a national cabinet to hand back GST windfalls from sky-high fuel prices, but they're still hashing out the details. Transport Minister Catherine King says it's complex but doable. Trump's late-night social media ran hit allies for not jumping into the strait of Hormuz Frey, warning the U.S. might bail on help. Labor's Clare O'Neill calls it, typical Trump noise amid the growing Iran conflict impacts here, while opposition figures like Mikkelia cash stress beefing up our fuel security. Shadow Foreign Affairs Minister Tettle Bryan says Australia should stay open to sending assets or personnel

1:03if it's in our national interest. Contrasting foreign minister Penny Wong's limit to defensive roles only, on the farm front, a new federal fertilizer task force aims to unlock stuck shipments and underwrite buys as shortages threaten tighter food supplies and higher grocery bills. Farmers are pushing for quick cash aid while experts eye local fixes, long-term. Keep an eye on those bowser prices as global heat simmers. That's your Sydney News Today update, AI-powered and always on.