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Fuel Prices Surge Across Australia Amid Global Oil Market Uncertainty
Australian motorists are facing a sharp increase in petrol and diesel prices as global oil markets react to renewed instability in the Middle East. The surge is adding pressure to household budgets, businesses, and the transport sector, with experts warning that fuel costs could remain volatile in the coming weeks.
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China Reports Stronger-Than-Expected Economic Growth
China's economy has grown at a faster pace than analysts expected, supported by resilient manufacturing activity, rising exports, and stronger industrial output. The latest figures offer a positive signal for the world's second-largest economy as policymakers continue efforts to sustain growth amid ongoing global economic uncertainty.
US Launches New Strikes on Iran After Hormuz Attacks, Tehran Vows Strong Response
The United States has launched new military strikes against Iranian-linked targets following recent attacks near the Strait of Hormuz, while Iran has vowed a firm response. The latest escalation has heightened concerns over regional stability, global energy supplies and the risk of a broader conflict in the Middle East.
UK Manufacturing Growth Slows Despite Strong Output
Britain's manufacturing sector continued to expand in June, but growth slowed as new orders weakened despite a temporary boost in production driven by business stockpiling ahead of anticipated supply-chain disruptions and higher costs.