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US-Iran war as it happened: Trump distances US from Israeli attack on Iranian gas field; Iran retaliates; Albanese announces fuel supply taskforce

Jack Gramenz, Sarah McPhee and Alexander Darling
Updated ,first published
Pinned post from 6.00pm on Mar 19, 2026
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What we covered today

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In this, the third week of the war in the Middle East, both Iran and Israel have turned their attention to targeting energy reserves. The world remains on edge.

Follow Friday’s live coverage of the US-Iran war here.

Here are today’s main events:

  • Iranian missile attacks hit liquified natural gas sites in Qatar several times, retaliating after Israel struck its giant South Pars gas field. Iran targeted the Ras Laffan site, which typically produces about a fifth of global gas supply. Analysts are worried successful attacks on Ras Laffan could cause a lasting global gas shortage.
  • Meanwhile, oil prices have risen as much as 5.1 per cent to almost $AU160 a barrel. Investors on the Australian sharemarket lost more than $50 billion on Thursday.
  • Donald Trump has distanced the US and Qatar from Israel’s actions, though an anonymous source later said the US was forewarned about Israel’s plans. Qatar called Israel’s attack “a dangerous and irresponsible step amid the current military escalation in the region”.
  • US officials detected unidentified drones above an army base in Washington DC, where Secretary of State Marco Rubio and Secretary of Defence Pete Hegseth live, The Washington Post reported. There have been no updates since the news broke about 2.30pm today.
  • And Iranian media reported the national women’s soccer team has returned to the Islamic Republic after several of the players had sought asylum in Australia.

On the fuel front:

  • The average price of petrol continues to rise, several days after Australia has posted its most expensive average weekly petrol price on record (219.5¢ on Sunday). Average unleaded prices are now higher than 233¢ per litre in every major Australian city.
  • Prime Minister Anthony Albanese has announced a new fuel supply taskforce to co-ordinate “fuel security and supply chain resilience” with states and territories. “Our fuel supply is currently secure. However, I want us to be over-prepared,” he said.
  • Meanwhile, Energy Minister Chris Bowen said half a billion litres of fuel will now gradually be released to regional Australia, as a result of an agreement with fuel companies late last week.
  • And consumer watchdog, the ACCC, is investigating allegations of anti-competitive conduct by major fuel suppliers in regional Australia.
  • In related news, Australia’s energy regulator has proposed the steepest reductions in electricity prices for households since 2022 – as much at 10 per cent – but the outlook remains clouded by the war in Iran.

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Iran continuing World Cup preparations but will not play in US

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The Iranian men’s soccer team is continuing to prepare for the FIFA World Cup and have no intention of pulling out of the tournament even if they will not travel to the United States, soccer chief Mehdi Taj said on Wednesday.

Iran was one of the first nations to qualify for the tournament, but their participation has been in doubt since the conflict began in late February.

The Iranian women’s soccer team arriving home overnight Australian time.Internet

The tournament runs from June 11 to July 19 and is being staged in the US, Mexico and Canada.

Team Melli are scheduled to play all three of their opening-round group matches in the US but Taj said on Monday the Iranian FA (FFIRI) was negotiating with FIFA to have them moved to Mexico.

Iran’s foreign minister lashes out at Macron

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Iran’s foreign minister lashed out Thursday at French President Emmanuel Macron over his comments on Tehran attacking Qatar.

Macron early Thursday morning wrote that he spoke with US President Donald Trump and Qatar’s emir over Iran’s attack.

View post on X

“It is in our common interest to implement, without delay, a moratorium on strikes targeting civilian infrastructure, particularly energy and water supply facilities,” Macron wrote on X.

Iranian Foreign Minister Abbas Araghchi, channelling Trump, called Macron’s comments “sad!”

Iran seeks compensation from UAE over US strikes on its territory

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Iran is seeking compensation from the United Arab Emirates, accusing it of enabling US attacks against Iranian territory, Iran’s UN Ambassador told the UN Secretary-General in a letter according to a Nournews report published today.

In the letter, Amir Saeid Iravani said the UAE’s decision to allow its territory to be used for the strikes constituted “an internationally wrongful act that entailed state responsibility”.

Tehran said the UAE had an international responsibility to provide reparation, including compensation for all material and moral damages incurred.

Reuters

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ASX loses $50b as oil prices surge, unemployment rises

By Miriam Steffens

Investors on the Australian sharemarket lost more than $50 billion on Thursday, as oil prices spiked yet again following attacks on some of the Middle East’s key energy facilities.

The latest escalation raised concerns of a more lasting economic fallout from the almost three-week-old Iran war.

The S&P/ASX 200 fell 142.80 points, or 1.7 per cent, to 8497.90, its lowest level since late November, following two days of modest gains. The Australian dollar was trading at US70.42¢.

With the geopolitical uncertainty and concerns about exploding energy costs weighing on the market, investors also digested the nation’s latest unemployment figures.

The unemployment rate unexpectedly rose from 4.1 per cent to 4.3 per cent in February, the Australian Bureau of Statistics said this morning. Economists had expected it to keep steady.

Gas traders assess damage at Qatar plant

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Natural gas traders braced for market turbulence after Qatar reported “extensive damage” to an area hosting the world’s largest liquefied natural gas facility, following several Iranian strikes.

Several LNG facilities at the Ras Laffan site, which typically produces about a fifth of global supply, were the subject of missile attacks, causing fires and extensive damage, QatarEnergy said in a statement on Thursday.

While shipments from the plant had already been halted earlier this month due to the war, the latest strikes threaten to keep gas prices in Europe and Asia higher for longer.

“Successful attacks on Ras Laffan could cause a lasting global gas shortage,” said Saul Kavonic, an energy analyst at MST Marquee.

“It’s significant because even when the war ends, the impact on supply could last months or even years as repairs are undertaken and replacement parts are sourced.”

Bloomberg

The two charts that sum up Australia’s fuel woes

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The average price of petrol is higher than 233¢ per litre in every major Australian city, and each city has seen prices rise by an average of 25¢ a litre in the past week.

The latest data from the Australian Institute of Petroleum shows the increases have been even more dramatic for diesel. Average prices in Sydney went from 250¢ a litre on Friday, March 13, to 278¢ today.

Darwin residents are paying several cents more for both types of fuel than other capital cities.

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Iran executes three people arrested over January protests, state media reports

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Iran executed three men on Thursday convicted of killing two police officers during unrest earlier this year, state media reported, saying the sentences had been upheld by the Supreme Court.

The judiciary said the men were found guilty of murder and “Moharebeh” (waging war against God), including carrying out acts it said supported Israel and the United States. The executions were carried out in the religious city of Qom.

Iranians attend an anti-government protest in Tehran on January 9. The scale of those demonstrations surpassed all recent Iranian uprisings.AP

Authorities said the three had taken part in attacks using knives and other weapons during protests on January 8, killing two police officers.

Iranian officials have repeatedly accused foreign adversaries, including Israel and the US, of involvement in the nationwide unrest earlier this year, which was repressed in the biggest crackdown in the Islamic Republic’s history.

Reuters

FBI probes Joe Kent, as ex-director shares Iran worries with Tucker Carlson

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The FBI has reportedly opened an investigation into Joe Kent, the former counterterrorism director who resigned this week over concerns about the Iran war.

It comes as Kent went on prominent right-wing broadcaster Tucker Carlson’s show to claim he and other senior officials with doubts about the airstrikes “were not allowed” to share them with President Donald Trump.

Joe Kent resigned from his role as the director of the US National Counterterrorism Centre.AP

Kent is accused of unauthorised disclosures of classified information, according to a person familiar with the matter.

The inquiry has been under way for months and continued after Kent announced his resignation on Tuesday in protest over the US war with Iran, the person said.

‘Welcome relief’ on the way for many energy customers

By Alexander Darling

Thanks for being with us.

Given all the news on prices rising related to this conflict, I thought it would be worth sharing this update from energy reporter Nick Toscano for some variety.

Power bills are expected to fall later this year.AP

Households could start to feel relief from rising electricity bills within months as authorities move to cut prices on the eastern seaboard by as much as 10 per cent, potentially wiping off hundreds of dollars a year for some customers.

In welcome news for households battling mounting cost-of-living stresses, the Australian Energy Regulator on Thursday said it intended to reduce the maximum price retailers can charge customers on standard electricity plans, known as default market offers, from July 1.

Read more here.

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