SBS News In Depth

The ASX slipped 0.6 per cent amid rising geopolitical tensions in the Gulf, with losses led by materials and the big banks, while energy stocks climbed on a surge in oil prices. Against that backdrop, a sharp shift in the jobs market is emerging, with SEEK reporting a 75 per cent rise in advertised roles mentioning AI skills.

The lion's share of attention this week has been on the National Disability Insurance Scheme, with the federal government announcing cuts that it's estimated will see tens of thousands removed from the scheme. But there have also been developments in aged care too- the federal government has now reversed its policy on the funding for showering after a mass of complaints from residents, families, and advocates.

Confusion deepens on the Strait of Hormuz as President Trump extends the ceasefire with Iran. Another truce hangs in the balance with Israel and Hezbollah trading accusations - while thousands of Israeli troops draw a line in southern Lebanon. Plus, Japan loosens its long-standing arms export restrictions and world leaders flex their fitness credentials.

Iran has seized two ships crossing the Strait of Hormuz. It says it won't reopen the crucial waterway while a US blockade of its vessels and ports remains in place.

Ceasefire talks between the US and Iran seem to be on hold. Pakistan had planned to host a second round of talks, but the White House suspended Vice President JD Vance’s planned trip to Islamabad - as Iran rebuffed efforts to restart negotiations. Pakistani officials say authorities will keep security arrangements in place in Islamabad in case US and Iranian delegations ultimately arrive. Speaking to the Associated Press, Qamar Cheema, the Executive Director of the Sanober Institute in Islamabad, says talks between the U.S. and Iran have stalled due to a lack of clarity and a complex power struggle within Tehran