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Follow live updates Get our breaking news email , free app or daily news podcast Shadow foreign affairs minister, Ted O’Brien , said Australia should be concerned about the risk of an ongoing toll for the strait of Hormuz, following a 60-day memorandum of understanding between the United States and Iran. Speaking on the ABC Insiders program, he said: From Australia’s perspective, I think that’s the main thing that we should be concerned about, because that has a direct impact on the prices we pay here in Australia.

A permanent toll would be bad in practice, wrong in principle, and set a dangerous precedent for how otherwise waterways should be managed internationally. But I must say that the history of just changing leaders is not a positive one. I’ve dealt with already four British prime ministers since I’ve been elected as prime minister, and so I think I think stability is a good thing, and I’m on my fourth Liberal party leader as well. Continue reading...