live Global markets weigh U.S.-Iran tensions as talks to end war continue
Global equities rose after mild inflation data strengthened expectations that the Federal Reserve will keep interest rates steady. Oil prices also edg...
The USS Minnesota, a Virginia class attack submarine, is conducting training off Western Australia ahead of a significant U.S. naval expansion under the AUKUS pact. From 2027, four Virginia class submarines will be based at HMAS Stirling as part of the deal to transfer nuclear submarine capabilities
The U.S. submarine rotation will begin with 50-80 navy personnel arriving at HMAS Stirling this year, increasing to hundreds within two years. The base is undergoing an A$8 billion ($5 billion) upgrade to accommodate the Submarine Rotational Force West.
The strategic location of Western Australia, closer to Asia and the Indian Ocean than the U.S. Pacific Fleet headquarters in Hawaii, enhances the Indo-Pacific defence posture, experts say. Peter Dean, director of Foreign Policy and Defence at the University of Sydney, noted the deployment is key to countering China’s naval presence in the region.
The Virginia class submarine program has been exempted from U.S. budget cuts, with the Trump administration prioritising Indo-Pacific defence. Former Pentagon official Elbridge Colby recently told the U.S. Senate that attack submarines are "absolutely essential" for Taiwan’s defence, stressing the need to ramp up production.
The USS Minnesota moved its home port from Hawaii to Guam in November, reinforcing the U.S. forward-deployed presence. The shift follows increased Chinese naval activity, including a Chinese task force circumnavigating Australia in February and March while holding live-fire drills.
Under AUKUS, Australia will purchase two used Virginia class submarines next decade and co-develop a new nuclear-powered submarine with Britain, replacing its ageing diesel fleet. Currently, 115 Australian personnel are training on U.S. submarines, with 130 more in nuclear maintenance training in Hawaii.
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A criminal court in Damascus has sentenced former Syrian President Bashar al-Assad to death in absentia for premeditated murder, torture, arbitrary detention and crimes against humanity, according to Syria’s state news agency SANA.
Millions of people across Spain and Iceland are preparing on Wednesday to witness a rare total solar eclipse, when the moon will pass directly between Earth and the Sun, briefly turning daylight into darkness along a narrow path.
Russian President Vladimir Putin has used Pacific Fleet drills to criticise Japan, NATO and possible Western moves against Russian commercial ships. He made the comments during his first visit to Iturup, a Japan-claimed island at the end of the Kuril chain near the island of Hokkaido.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 13th of August, covering the latest developments.
Venezuelan authorities plan to focus on reconstruction efforts and recovering around 31 metric tons of gold, worth an estimated $4 billion, held in the Bank of England's underground vaults, National Assembly Chief Jorge Rodríguez said, as monthly inflation surged to 20 per cent.
Millions of people across Europe, including northern Spain and Iceland, watched the sky darken on Wednesday evening as Western Europe experienced its first total solar eclipse in 27 years.
Turkish Foreign Minister Hakan Fidan on Wednesday met Libya's eastern army commander Khalifa Haftar in Benghazi, as Ankara seeks to widen its outreach across divided Libya.
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