SBS News In Depth

After Prime Minister Albanese’s whistle-stop visit to Singapore, the future of Australia’s fuel supplies looks a lot more secure as the ripples from the Straits of Hormuz spread outwards. Last week Anthony Albanese met with his Singaporean counterpart Lawrence Wong in Singapore. The two signed off on a new bilateral trade agreement, under which Australia would guarantee Singapore’s supply of liquefied natural gas, and Singapore would prioritise the flow of refined petroleum to Australia. Singapore is Australia’s largest source of refined petrol. SBS's Naveen Razik secured an exclusive interview with Singapore's Energy Minister Dr. Tan See Leng about our energy partnership and the wider consequences of the current crisis in the Strait of Hormuz.

Opposition leader Angus Taylor has outlined the Coalition's new hardline immigration policy. The plan has drawn widespread criticism and strong condemnation from critics, including Labor and human rights groups.

The ASX edges higher despite fresh warnings from corporate Australia, with Qantas and Westpac flagging the financial impact of the Middle East conflict as cost pressures build. Ricardo Gonçalves unpacks the latest market moves and what they mean for inflation and interest rates, speaking with NAB Chief Economist Sally Auld and LGT Wealth Management CIO Scott Haslem, while new data reveals rental stress has hit record levels. Cotality’s Head of Research Gerard Burg joins to explain why Australians are now spending more than ever on housing and what’s driving the shortage.

Australian consumers will be paying a temporary fuel surcharge for their Uber trips if they choose to ride in a petrol or hybrid car. The new measure will begin from Wednesday, and end on June 8. It comes at a time when the transport sector is introducing fee adjustments to cope with the ongoing fuel crisis.

Hungarian voters continue to celebrate after ousting Prime Minister Viktor Orbán after 16 years in power. The election result was a rejection of his authoritarian, far-right agenda in favour of pro-European challenger Peter Magyar. But for the new leader, the coming months won't be easy.