Iran can't close the Strait of Hormuz, says former diplomat

Partner at the corporate advisory firm, Orizontas, and former diplomat for Australia, Patrick Gibbons, who spent three years in Tehran, joined The Business to discuss what Iran's next move could be, and what impact it would have on the global economy.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

SBS Australia

3 hours ago

• SBS Australia

Report finds increasing number of Australian renters fear confronting landlords

Report finds increasing number of Australian renters fear confronting landlords Published 23 June 2025, 8:43 am A shortage of residential properties available for rent may be discouraging some renters from claiming their full rights as tenants. According to a new report - almost seven out of ten private renters surveyed worry about asking for repairs in case the landlord retaliates by increasing their rent.

News.com.au

6 hours ago

• News.com.au

ASX 200 finishes down on Monday as most sectors turn red

Now Playing Sky News Business Reporter Edward Boyd says the local sharemarket opened lower today and was down about 0.8 per cent by midday. 'Most sectors were in the red, led by industrials, mining stocks and tech companies,' Mr Boyd said. 'Banks and energy stocks were in the green though.' The market fought back in the afternoon – finishing down 0.36 per cent on Monday.

News.com.au

6 hours ago

• News.com.au

‘Fairly solid' auction clearance rates across Australia despite quieter winter

REA Group Senior Economist Angus Moore discusses the 'fairly solid' auction clearance rates across Australia. This comes amid Australia returning a national clearance rate of 63.2 per cent. 'Obviously very light volume in some cities, as we'd expect to see in winter,' Mr Moore said. 'But even in Sydney and Melbourne, which are our deepest and most liquid markets, particularly for auctions, we're still seeing pretty solid results.'