SBS News In Depth

Oil prices have tumbled after Donald Trump suggested a peace deal between the US and Iran could be near, raising hopes of lower fuel costs for Australian motorists. SBS On the Money speaks with MST Financial’s Saul Kavonic about why petrol prices may ease in the short term, but why oil markets are unlikely to return to pre-conflict levels anytime soon.

The second block of hearings for the Royal Commission on Antisemitism and Social Cohesion is underway in Sydney. Among the focus of this block of hearings, the various circumstances in the lead up to the Bondi terror attack in December last year, and what was known about the shooters and what was done with that information. The conduct of security, intelligence and law enforcement agencies will also come under scrutiny. But much of it will take place behind closed doors, to avoid prejudice to national security or the criminal proceedings arising from the attack

China has successfully docked its Shenzhou-23 spacecraft with the Tiangong space station, after a dramatic overnight launch from the edge of the Gobi Desert. The mission carries three astronauts into orbit, including the first astronaut from Hong Kong, and one crew member expected to remain in space for a full year, double the usual duration of previous Chinese missions.

Several so-called 'teal' independents are in advanced discussions about the potential formation of a new political party. Responding to growing distrust for the major parties and surging support for One Nation, some independent MPs say Australia needs a more sensible opposition.

Millions have gathered in Saudi Arabia's Mecca for this year's Hajj pilgrimage. Scores of Muslim faithful make the trip every year with the intention of performing religious rites as taught by Islam's Prophet Mohammad to his followers 14 centuries ago.