Iranian state television is reporting a ceasefire has begun in its war with Israel, as Israel warns of new missiles launched from Iran.
It comes hours after Foreign Minister Seyed Abbas Araghchi posted on social media saying Iran had no intention to continue strikes if Israel stopped its strikes by 4am local time.
Intense Israeli airstrikes targeted Tehran and other areas up until this deadline, and while there were no reports of strikes on Iran immediately after, Israel has not acknowledge any ceasefire.
An hour after Mr Araghchi issued the deadline, Israel’s military said Iran had launched missiles towards Tehran, and Israeli officials say at least three have been killed in the strikes.
The strikes come after US President Donald Trump posted on social media that Israel and Iran had agreed to a total ceasefire to be phased in over 24 hours - a move that has not been confirmed by either side.
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Treasurer Jim Chalmers is urging Iran and Israel to commit to a ceasefire to restore stability to the global economy.
Prime Minister Anthony Albanese earlier welcomed US President Donald Trump's announcement of a total ceasefire, but Iran's Foreign Affairs Minister Abbas Araghchi has denied a deal was reached.
President Trump's declaration of a ceasefire on social media came after reports that a senior Iranian official told reporters Qatar had mediated a ceasefire between the two countries.
Treasurer Chalmers says a ceasefire is a necessity, if the global economy is to avoid further volatility and uncertainty.
"This remains a perilous time in the Middle East and for the global economy. We urge the parties to implement the ceasefire, which was announced by President Trump. Today, we need to see an enduring ceasefire in the Middle East. We need this ceasefire to stick, and that is in the interests of the region and it's in the interests of the global economy as well."
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The New South Wales Treasurer Daniel Mookhey has unveiled the state's $128 billion dollar 2025-2026 budget, with a focus on housing, essential workers, health and education.
Developers and home-buyers are set to benefit, with $1 billion for new units, and a guarantee for the pre-sale of up to 5,000 apartments, which the State Government says will pave the way for developers to build 15,000 new homes over five years.
A $1.2 billion package will also boost the number of foster carers, and the foster carer allowance will be increased by 20 per cent from January 2026.
Treasurer Daniel Mookhey says it's an investment in supporting vulnerable children.
"We have to say no to a lot, but we say no to a lot. So we can say yes to what makes a big difference. And saying yes to investing more in our most vulnerable kids and to back the people who care for them is a real honor, and you don't get to do that that often. I just hope it doesn't take another 20 years for someone to do it again."
The latest figures also include $5.6 billion over a decade for public schools, and funding for a new hospital at Rouse Hill as well as more funding for the Bankstown Hospital.
Wage earners and public servants are also set to benefit, with real wages expected to grow each year, while cost-of-living and toll relief did not receive any substantial funding.
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Australia's head of online safety Julie Inman Grant has made several recommendations to improve online safety, including that You Tube should be subject to the looming social media ban for children.
In a speech to the National Press Club, the eSafety Commissioner said they surveyed more than 2,600 children between the ages of 10 to 15, to understand the types of online harms they face, and where they are experiencing this happening.
She says 96 per cent of children reported having used at least one social media platform.
"Alarmingly, around 7 in 10 kids said they encountered harmful content, including misogynistic or hateful material, dangerous online challenges, violent fight videos and content promoting disordered eating. Children told us 75 per cent of this harmful content was received or encountered on social media. YouTube was the most frequently cited platform in our research, with almost four in 10 children reporting exposure to harmful content there."
It comes as later this year, (December 11) social media companies will be required to take reasonable steps to prevent Australians under sixteen from using their platforms.
Australia is set be the first country to try enforcing an increased minimum age for social media, after the Federal Government passed the legislation last November, with a twelve month enforcement delay.
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And in cricket,
The first Test between England and India's men's cricket teams is set for a huge finale on the final day's play in the West Yorkshire city of England (8pm AEST Tuesday).
England enters the fifth day looking to complete its second highest successful run chase in test history - needing 371 for victory.
But the weather may be a roadblock to getting the results, as there have been overnight showers in Leeds.
In 59 tests when defending totals of over 350 India has only lost once, and that was against England in 20-22.
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