It has been seven weeks since the war involving the US, Israel, and Iran began, and while a fragile two-week ceasefire is currently in place, the world is holding its breath.

Earlier this week, President Donald Trump threw a spanner in the works by announcing a blockade of the Strait of Hormuz, the world’s most critical energy corridor, after initial peace talks in Pakistan reached an impasse over Iran’s nuclear ambitions.

Today, we're unpacking what this escalation means for your bottom line. With global oil prices surging, Australian airlines have already begun hiking fares and cutting domestic flight capacity to manage soaring fuel bills.

Plus, we examine a historic breakthrough as Israel and Lebanon agree to their first direct negotiations in over 30 years.

Director of Research from the United States Studies Centre, Jared Mondschein, joins us to discuss whether these high-stakes diplomatic moves will lead to lasting stability or a global recession.

🗞️ HEADLINES

Ceasefire between Israel & Lebanon could be on the horizon
Trump claims Strait of Hormuz open
New job figures expected to be early indication of Australia's economic health during war
Harry & Meghan's tour down under continues for third day with speaking engagements, charity events and cultural walk
Cannes Film Festival confirmed to be part of storyline in The White Lotus season 4 as filming commences

📩 GET IN TOUCH

Got a story, news tip-off, feedback or dilemma?

Send us a voice note or email us at thequicky@mamamia.com.au

🎙️ CREDITS

Host: Taylah Strano

Guest: Jared Mondschein, Director of Research, United States Studies Centre

Audio Producer: Scott Stronach

Group Executive Producer: Ilaria Brophy

Support independent women's media

Check out The Quicky Instagram here and our TikTok here

Discover more Mamamia podcasts here

Did you know some of our shows are now in video on the Apple Podcast app? Make sure your phone is up to date and check it out here!

Mamamia acknowledges the traditional owners of the land on which we have recorded this podcast.

Become a Mamamia subscriber: https://www.mamamia.com.au/subscribe

See omnystudio.com/listener for privacy information.