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Donald Trump’s “madman theory” of foreign relations is not working when it comes to Iran.

The price of peace: what kind of deal with Iran would Trump accept?

The US president has declared the Strait of Hormuz is open and that Iran has agreed to all his demands. But the real picture is much more complicated – and there is a wildcard.

  • Michael Koziol

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HP gif 18/04/2026

US-Iran war live updates: Strait of Hormuz ‘completely open’, Iran says; Stock market’s record-setting rally continues

Follow our live coverage of the conflict in the Middle East and related developments in Australia.

  • Bianca Hall and Anthony Segaert
US President Donald Trump during a Las Vegas event on Thursday.

Price of oil tumbles as Iran, Trump declare Strait of Hormuz ‘completely open’

In a series of social media posts, Trump foreshadowed a deal with Iran to end the war, including the US taking Iran’s highly enriched uranium, and said he had banned Israel from bombing Lebanon any further.

  • Michael Koziol
Benjamin Netanyahu made his hard sell in the Situation Room in February.

Israel-Lebanon 10-day ceasefire off to a shaky start as all sides take a breather

It’s not clear how the agreement, which was announced by US President Donald Trump will work in practice as Israel is fighting the terrorist group Hezbollah, rather than the Lebanese state.

  • Michael Koziol
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‘Ravaged by tyrants’: Pope blasts those who ‘manipulate’ God to justify war amid Trump feud

Leo took aim at “the masters of war” who spend billions of dollars on conflict. His unusually forceful remarks came just days after the US president attacked him on social media.

  • Joshua McElwee
Several protesters were arrested at the protest in Sydney on February 6.

Town Hall protest charges in doubt after court strikes down Minns restrictions

The NSW government rushed through the laws after the Bondi terror attack. The state’s top court has now declared them invalid.

  • Michaela Whitbourn, Jessica McSweeney and Riley Walter
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US President Donald Trump at the White House on Monday.

US, Iran gear up for second round of talks as Strait of Hormuz blockade holds steady

With the initial truce between the parties due to expire next week, there are signs that the next set of negotiations between Iran and the Trump administration could deliver a longer-term solution.

  • David McHugh, Konstantin Toropin and Michael Biesecker
Qantas and Virgin said they won’t see a major impact from the refinery fire.

Geelong Viva refinery fire exposes fragility of Australia’s jet fuel supplies

The blaze comes after Qantas disclosed a $600-$800 million blowout in fuel costs, the latest carrier to flag an impact from the US-Israel war on Iran. 

  • Chris Zappone
Pakistan’s Army Chief Field Marshal Asim Munir, right, is greeted by Iranian Foreign Minister Abbas Araghchi.

US-Iran war as it happened: 100 million litres of diesel to arrive in May; Blaze erupts at Geelong oil refinery; Ceasefire extension request ‘not true at this moment’, says White House

Follow our live coverage of the conflict in the Middle East and related developments in Australia.

  • Emily Kaine, Sarah McPhee and Carla Jaeger
Trump talks to reporters at the White House on Monday.

US-Iran war as it happened: Trump’s blockade of Strait of Hormuz takes effect; Trump deletes image of himself as Jesus Christ; Tehran wants a deal ‘very badly’, says US president

Follow our live coverage of the conflict in the Middle East and related developments in Australia.

  • Emily Kaine, Ellen Connolly and Isabel McMillan