‘Iran is not winning this war': President Trump on current Middle East conflict
United States President Donald Trump has held his first bilateral meeting at the G7 summit with Canadian Prime Minister Mark Carney.
Mr Trump also spoke about the current Israel-Iran conflict, saying, 'It's painful for both parties, but I'd say Iran is not winning this war'.
'They should talk and they should talk immediately before it's too late.'

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Perth Now
an hour ago
- Perth Now
What Iran crisis means for rate cut
In mixed news for households, the conflict between Israel and Iran is unlikely to impact future rate cuts unless the worst-case scenario plays out. Economics forecasts say the conflict that started on Friday will add about 0.2 per cent to headline inflation on the back of higher petrol prices. AMP chief economist Shane Oliver told NewsWire the escalation just added more 'uncertainty' but hadn't changed the probability of a July rate cut. 'I don't think the probability of a July cut has changed, we still expect a rate cut in July, August, November and February, taking the official cash rate to 2.85 per cent,' he said. Petrol prices could jump on the back of the Israel-Iran crisis. NewsWire / John Gass Credit: News Corp Australia IG market analyst Tony Sycamore said it would all depend on the fallout, with the worst-case scenario being Iran blocks the Strait of Hormuz, which is the primary route for oil producers including Saudi Arabia, Iraq, the UAE, and Kuwait. While pointing out blocking the Strait of Hormuz was a 'last resort' move by Iran, Mr Sycamore said if it did happen, it could impact interest rates. 'This would hamper central banks' ability to cut interest rates to cushion the anticipated growth slowdown from President Trump's tariffs, which adds another variable for the Fed to consider when it meets to discuss interest rates this week,' he said. Mr Oliver agreed, saying any blockage could lead to a dramatic spike in oil prices. 'During the Ukraine conflict we saw oil get to above $US120 a barrel, which would see petrol prices push well above $2 a litre, impacting inflation and more importantly household spending power,' he said. 'The RBA would then have to work out what is more important and I suspect they would look through the inflation spike and be more concerned about the negative impact on economic growth.' Higher oil prices could flow through to the wider economy. NewsWire/ Gaye Gerard Credit: News Corp Australia Regardless of whether it sways the Reserve Bank of Australia, the fallout will still hurt Australian consumers. Futures markets for Brent oil have spiked in recent days and are now pricing $US77 a barrel when it was just more than $US65 this time last week. Every $US1 increase in the price of oil roughly adds 1 cent a litre to how much Aussies will pay when they fuel up. MST Financial senior energy analyst Saul Kavonic warned that 'higher oil prices will flow directly through to the pump', adding to the cost-of-living pressures. 'If you start to see prolonged higher prices or even an energy crisis scenario, it will also flow through to our electricity prices via international gas prices,' Mr Kavonic told the ABC. He said this would eventually hit Australian consumers. 'It will flow through to the cost of living because nearly every single thing that you buy and use on a day-to-day basis has energy as a core input cost along its supply chain,' Mr Kavonic said.

9 News
an hour ago
- 9 News
The military code being used to mock Donald Trump
Your web browser is no longer supported. To improve your experience update it here "Foxtrot Delta Tango" is the phrase that has been making the rounds online in the last few days, confusing plenty of Australians who aren't familiar with the military-inspired slang that has become popular in the US. Here's what it means and why it's being used as a political statement. US President Donald Trump's controversial military parade sparked division over the weekend. (Getty) The phrase "Foxtrot Delta Tango" is currently being used by people in the US and abroad to express the sentiment "f--- Donald Trump", without being explicit. Foxtrot, Delta and Tango are all code words in the NATO phonetic alphabet, used to communicate the letters of the Roman alphabet. They represent the letters F, D and T respectively, so "Foxtrot Delta Tango" stands for FDT. It is unclear where the phrase originated, as "Foxtrot Delta Tango" may have many other meanings outside expressing opposition to the US president. Recently, it has circulated broadly on social media platforms like TikTok and X (formerly Twitter), making its origins hard to pin down. Though the NATO phonetic alphabet is widely used in the US and other militaries, Foxtrot Delta Tango isn't an official military term nor is it used exclusively by military personnel. Military slang using phonetic codes isn't new and many such slang phrases have become common outside the military, such as "Whiskey Tango Foxtrot", which stands for WTF or "what the f---". Opposition to Trump isn't new and people in the US and abroad have been making political statements against the commander-in-chief since before his first stint in the Oval Office. The phrase Foxtrot Delta Tango may have seen increased use lately in response to Trump's involvement in and promotion of the US Army's 250th anniversary parade last Saturday. The massive and controversial parade coincided with Trump's 79th birthday celebrations, a detail that drew criticism from some US military personnel. At the same time, massive "No Kings" demonstrations were held across the US to protest the president and his military parade. World Donald Trump USA US POLITICS president Politics social media CONTACT US

Sky News AU
an hour ago
- Sky News AU
Donald Trump departs the G7 summit
US President Donald Trump has left the G7 summit in Canada amid the escalating conflict between Israel and Iran.