The EU and Australia have signed a free trade agreement to counter chaotic US tariff policies. Crude oil prices rise due to ongoing tensions with Iran.

The EU and Australia have signed a sweeping free trade agreement that will eliminate tariffs on nearly all trade between them as global economies seek to hedge against chaotic US tariff policies. Also in this edition: crude oil prices rise again as traders remain sceptical of signals that Washington is trying to de-escalate its war with Iran.