The Reserve Bank of Australia has raised the official cash rate from 3.85 per cent to 4.10 per cent, a 25-basis-point jump designed to cool down a recent spike in inflation; The United Arab Emirates has officially closed its entire airspace as an "exceptional precautionary measure" following reports of incoming missile and drone threats from Iran; The Australian Competition & Consumer Commission has officially summoned major fuel retailers, including BP and Ampol, to an emergency meeting to explain skyrocketing petrol prices following the closure of the Strait of Hormuz - where a large portion of the world’s petrol supply passes through; And Two Iranian national football players have officially traded their international jerseys for Brisbane Roar colours as they seek asylum in Australia.

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CREDITS

Host: Gemma Donahoe

Audio Producer: Lu Hill

Mamamia acknowledges the traditional owners of the land on which we have recorded this podcast.