Elon Musk activates Starlink over Iran after regime imposes nationwide internet restrictions
Sky News host Rita Panahi discusses how Elon Musk implemented Starlink satellites above Iran after the regime imposed internet restrictions around the country.
'Elon Musk's Starlink satellite internet service is now active in Iran,' Ms Panahi said.
'Elon Musk made that happen after the Iranian regime imposed nationwide internet restrictions.'
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Sydney Morning Herald
23 minutes ago
- Sydney Morning Herald
ASX set for flat start, Wall Street rebounds; $A jumps
Calm is returning to Wall Street, and US stocks are rallying on Monday, while oil prices are giving back some of their initial spurts following Israel's attack on Iranian nuclear and military targets at the end of last week. The S&P 500 was up 0.9 per cent in afternoon trading and on track to reclaim nearly all of its drop from Friday. The Dow Jones was up 322 points, or 0.8 per cent, and the Nasdaq composite was 1.4 per cent higher. They joined a worldwide climb for stock prices, stretching from Asia to Europe. The Australian sharemarket is set for a flat open on Tuesday, with futures at 5am AEST pointing to a loss of 1 point. The ASX inched higher on Monday. The Australian dollar jumped. It was 0.7 per cent higher at 65.34 US cents at 5.15am AEST. Israel and Iran are continuing to attack each other, and a fear remains that a wider war could constrict the flow of Iran's oil to its customers. But past conflicts in the region have seen crude prices spike only temporarily. They've receded after the fighting showed that it would not damage the flow of oil, either Iran's or other countries' through the narrow Strait of Hormuz off Iran's coast. Hopes that the fighting could remain similarly contained this time around helped send oil prices back toward $US70 per barrel on Monday. A barrel of benchmark US oil fell 1.4 per cent to $US71.93, while Brent crude, the international standard, dropped 1.5 per cent to $US73.12 per barrel. They had both jumped roughly 7 per cent on Friday after the initial attacks. Loading Monday's drops for oil prices accelerated following a report from The Wall Street Journal saying Iran has been signaling it wants to end hostilities and resume talks over its nuclear programs. In another signal of calming worries in financial markets, the price of gold also gave back some of its knee-jerk climb from Friday, when investors were looking for someplace safe to park their cash. An ounce of gold fell 1.2 per cent to $US3411.50.
The Age
23 minutes ago
- The Age
ASX set for flat start, Wall Street rebounds; $A jumps
Calm is returning to Wall Street, and US stocks are rallying on Monday, while oil prices are giving back some of their initial spurts following Israel's attack on Iranian nuclear and military targets at the end of last week. The S&P 500 was up 0.9 per cent in afternoon trading and on track to reclaim nearly all of its drop from Friday. The Dow Jones was up 322 points, or 0.8 per cent, and the Nasdaq composite was 1.4 per cent higher. They joined a worldwide climb for stock prices, stretching from Asia to Europe. The Australian sharemarket is set for a flat open on Tuesday, with futures at 5am AEST pointing to a loss of 1 point. The ASX inched higher on Monday. The Australian dollar jumped. It was 0.7 per cent higher at 65.34 US cents at 5.15am AEST. Israel and Iran are continuing to attack each other, and a fear remains that a wider war could constrict the flow of Iran's oil to its customers. But past conflicts in the region have seen crude prices spike only temporarily. They've receded after the fighting showed that it would not damage the flow of oil, either Iran's or other countries' through the narrow Strait of Hormuz off Iran's coast. Hopes that the fighting could remain similarly contained this time around helped send oil prices back toward $US70 per barrel on Monday. A barrel of benchmark US oil fell 1.4 per cent to $US71.93, while Brent crude, the international standard, dropped 1.5 per cent to $US73.12 per barrel. They had both jumped roughly 7 per cent on Friday after the initial attacks. Loading Monday's drops for oil prices accelerated following a report from The Wall Street Journal saying Iran has been signaling it wants to end hostilities and resume talks over its nuclear programs. In another signal of calming worries in financial markets, the price of gold also gave back some of its knee-jerk climb from Friday, when investors were looking for someplace safe to park their cash. An ounce of gold fell 1.2 per cent to $US3411.50.
The Advertiser
28 minutes ago
- The Advertiser
'Perilous moment' threatens global economic growth
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Australia's political and military leaders are warning of dangerous global conditions as violence in the Middle East escalates. Hundreds of people, including civilians, have been killed in the days since Israel launched a surprise assault on Iranian nuclear and military sites. The two nations have since exchanged air and missile strikes, with Iran vowing to "open the gates of hell" against its sworn enemy. As analysts watch the unfolding violence with concern, leaders are also flagging shocks to the global economy. Treasurer Jim Chalmers said there had already been substantial economic consequences, pointing to a spike in the cost of oil. "This is a perilous moment for the Middle East, and it's a perilous moment for the global economy as well," he told ABC News. "Now this obviously poses two kinds of risks. "Higher oil prices do pose a risk to the inflation outlook, but they also pose a risk to global growth." Dr Chalmers said despite the events, the market's expectations for interest rate cuts in Australia had increased rather than decreased. "What that tells us is that the market is more focused on the implications for global growth," he said. Australia's defence force chief, Admiral David Johnston, called for restraint and for all countries to pursue a diplomatic solution. "The recent strikes between Israel and Iran represent a deeply concerning escalation," he told a News Corp defence summit in Canberra. "The risk of further regional instability is severe, particularly recognising ongoing volatility across the Middle East region in Gaza, Syria and Yemen." Admiral Johnston said all Australian Defence Force personnel assigned to the region were safe, and Defence would continue to monitor events and provide for their protection. Foreign Minister Penny Wong said on Monday 350 Australians had registered for help to flee Iran, while 300 had asked for assistance in Israel. Australia's political and military leaders are warning of dangerous global conditions as violence in the Middle East escalates. Hundreds of people, including civilians, have been killed in the days since Israel launched a surprise assault on Iranian nuclear and military sites. The two nations have since exchanged air and missile strikes, with Iran vowing to "open the gates of hell" against its sworn enemy. As analysts watch the unfolding violence with concern, leaders are also flagging shocks to the global economy. Treasurer Jim Chalmers said there had already been substantial economic consequences, pointing to a spike in the cost of oil. "This is a perilous moment for the Middle East, and it's a perilous moment for the global economy as well," he told ABC News. "Now this obviously poses two kinds of risks. "Higher oil prices do pose a risk to the inflation outlook, but they also pose a risk to global growth." Dr Chalmers said despite the events, the market's expectations for interest rate cuts in Australia had increased rather than decreased. "What that tells us is that the market is more focused on the implications for global growth," he said. Australia's defence force chief, Admiral David Johnston, called for restraint and for all countries to pursue a diplomatic solution. "The recent strikes between Israel and Iran represent a deeply concerning escalation," he told a News Corp defence summit in Canberra. "The risk of further regional instability is severe, particularly recognising ongoing volatility across the Middle East region in Gaza, Syria and Yemen." Admiral Johnston said all Australian Defence Force personnel assigned to the region were safe, and Defence would continue to monitor events and provide for their protection. Foreign Minister Penny Wong said on Monday 350 Australians had registered for help to flee Iran, while 300 had asked for assistance in Israel. Australia's political and military leaders are warning of dangerous global conditions as violence in the Middle East escalates. Hundreds of people, including civilians, have been killed in the days since Israel launched a surprise assault on Iranian nuclear and military sites. The two nations have since exchanged air and missile strikes, with Iran vowing to "open the gates of hell" against its sworn enemy. As analysts watch the unfolding violence with concern, leaders are also flagging shocks to the global economy. Treasurer Jim Chalmers said there had already been substantial economic consequences, pointing to a spike in the cost of oil. "This is a perilous moment for the Middle East, and it's a perilous moment for the global economy as well," he told ABC News. "Now this obviously poses two kinds of risks. "Higher oil prices do pose a risk to the inflation outlook, but they also pose a risk to global growth." Dr Chalmers said despite the events, the market's expectations for interest rate cuts in Australia had increased rather than decreased. "What that tells us is that the market is more focused on the implications for global growth," he said. Australia's defence force chief, Admiral David Johnston, called for restraint and for all countries to pursue a diplomatic solution. "The recent strikes between Israel and Iran represent a deeply concerning escalation," he told a News Corp defence summit in Canberra. "The risk of further regional instability is severe, particularly recognising ongoing volatility across the Middle East region in Gaza, Syria and Yemen." Admiral Johnston said all Australian Defence Force personnel assigned to the region were safe, and Defence would continue to monitor events and provide for their protection. Foreign Minister Penny Wong said on Monday 350 Australians had registered for help to flee Iran, while 300 had asked for assistance in Israel.
