00:02These historic talks taking place in Pakistan between the United States and Iran have stretched
00:07well into the early hours of the morning in Islamabad.
00:10Few details have emerged about what's been achieved, but there are some very big sticking
00:15points and perhaps the biggest is the Strait of Hormuz.
00:18The US wants that strait open to free passage.
00:21Iran is only willing to do that if all of its conditions are met.
00:25Overnight, however, the US claims it has sent two of its Navy destroyers through that strait
00:30to start the job of clearing mines.
00:32So many countries, including Australia, are desperately hoping we will see a permanent
00:36end to this war.
00:37It has created a global energy shock, an economic shock, and that is being felt here in Australia.
00:43The Prime Minister the other day was in Singapore.
00:46He's met his counterpart there to try and do what he can to shore up the supply of petrol
00:50and diesel to Australia.
00:51One, some assurances that Singapore won't be imposing any sort of export bans when it
00:56comes to providing fuel to Australia.
00:58It's understood the PM will make further trips in the region as well.
01:01This morning, we'll be talking to the Transport Minister, Catherine King, about what motorists
01:06and businesses can expect here.
01:08Will the supply keep coming?
01:10Will the prices remain high for some time to come?
01:12And longer term, what will Australia do to become more resilient to these sorts of global
01:18economic shocks?
01:21In the meantime, let me bet we've been outside of Turkey's
01:23university at this time.
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