Australia news LIVE: Strait of Hormuz to open; Australia hit by post-budget economic pessimism; Expanded shark drones after attack

Australia news LIVE: Strait of Hormuz to open; Australia hit by post-budget economic pessimism; Expanded…

US-Iran peace deal opens Strait of Hormuz toll-free 60 days; Australia's budget sentiment at 4-year low, 9% expect recovery. CTO agenda: renewable capex surge ($100M NSW), drone surveillance approved, supply-chain costs rising—budget impact looms as confidence falters.