Iran warns: oil prices could double | Morning News Bulletin 12 March 2026

Donald Trump declares the price of oil will soon fall after the US attack on Kharg Island; More rain predicted as the Northern Territory endures a flood emergency; Aryna Sabalenka's winning run continues.

President Trump says the US has bombed military targets at a key Iranian oil depot; A New South Wales town runs out of fuel amid supply shortage fears; and in sport, the Matildas celebrate their Asian Cup win against North Korea.

Six U-S service members confirmed killed in a plane crash in Iraq; The Federal Government recalls all non-essential Australian officials from Lebanon; and in sport, the Matildas progress to the Asian Cup semi-final.

A man suspected of driving a vehicle into a synagogue in the US state of Michigan shot dead , The opposition urges faster action to secure Australia's fuel supply, Iran's men's football team says only FIFA can determine participation in the upcoming World Cup

Australia's Resources Minister flies to Japan to meet with counterparts over fuel supply as new measures announced, Israel's Prime Minister alludes to imminent plans to kill Iran's new Supreme Leader, The Matildas bid for World Cup qualification tonight, as they face North Korea in the quarter finals of the Asian Cup.

Australia directs non-essential officials in Israel and the United Arab Emirates to leave; Iran's new Supreme Leader issues his first statement after reports he was injured in strikes; and in football, Matildas' Haley Raso and Steph Catley won't play against North Korea at the Women's Asian Cup tonight.

The Iranian President outlines Iran's conditions for the end of the war in the Middle East, Police discover two bodies in search for backpackers missing in floodwater, Roosters player Billy Smith is in doubt for Friday’s match against South Sydney Rabbitohs.

Fears over global fuel shortages as Iran warns prices will more than double, The UN Security Council demands Iran stop attacking Gulf nations, High hopes for Aussie Steph Kyraciou as 31 Australians tee off at the Women's Australian Open.

** Iran warns the world oil prices are about to more than double, as leaders meet over supply fears... ** Former public servant Dennis Richardson resigns from Royal Commission on Antisemitism... ** And in sport, the Matildas say they're not fazed by any pressure at the Asian Cup...

New National Party leader Matt Canavan eyes off Sussan Ley's old seat... Clive Palmer to seek a seat in federal parliament again... and the Matildas say North Korea's secrecy is no obstacle in the Asian Cup quarter-finals