Australia's Reserve Bank raised its cash rate to 4.1% in a narrow split decision, with five board members voting for the increase and four opposing it. Meanwhile, Middle East tensions escalated as Trump sought to delay a China summit amid Iran's blockade of the Strait of Hormuz, driving up petrol prices and household budget pressures in Australia.
Otto Beta
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Australia's Reserve Bank raised its cash rate to 4.1% in a narrow split decision, with five board members voting for the increase and four opposing it. Meanwhile, Middle East tensions escalated as Trump sought to delay a China summit amid Iran's blockade of the Strait of Hormuz, driving up petrol prices and household budget pressures in Australia.