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Oz Blog News Commentary

G7 bails out American Idiot

March 10, 2026 - 09:00 -- Admin

The G7 will bail out the American Idiot with its strategic petroleum reserve after he proposed a 300-400m/b release, roughly a quarter of the total and equivalent to all of the remaining US strategic reserve. This is desperate stuff. Or will it? French Finance Minister Roland Lescure said the Group of Seven is “not there

The huge Iran War misconception

March 10, 2026 - 08:00 -- Admin

As the war in the Middle East continues to drag on, the Trump Administration is seeking a means by which it can be brought to a swift conclusion. One option that is increasingly gaining traction is seizing Kharg Island in the northwestern corner of the Persian Gulf, which currently accounts for 90% of Iran’s oil

A decade to forget for Australian households

March 10, 2026 - 00:01 -- Admin

The 2020s are shaping up as a decade to forget for Australian households. According to national accounts data released last week by the Australian Bureau of Statistics (ABS), real per capita household disposable income—arguably the best indicator of material living standards—remained stuck in the low growth zone in 2025, still tracking 3.9% below the COVID-19

sinking AUKUS.....

March 9, 2026 - 17:21 -- Admin

Australian personnel aboard a US nuclear submarine during an attack on an Iranian vessel highlight the deeper implications of AUKUS – and the risk of Australia being drawn into American wars.