SBS News In Depth

Australia is standing firm on not raising defence spending to the levels demanded by the United States government, despite NATO countries agreeing to do so at their meeting in the Netherlands.

SBS Finance Editor Ricardo Gonçalves speaks with Chris Weston from Pepperstone about the day's market action including why US dollar weakness is the talk of traders, plus James Koval from ASFA looks at what the banking and financial regulator has released some detail super fund performance details and checks in to see how your super balance compares.

All over the country, there are concerns about rising rates of youth crime. At the same time, advocates are concerned about the rate of incarceration for First Nations people, fearing some communities are being criminalised and over-policed. Advocates say Australia is not on track to meeting Closing the Gap targets on imprisonment - and in fact, things are only getting worse for young offenders. In this episode of the Too Hard Basket, we take a look at recent law and order crackdowns - and their impact on First Nations young people.

NATO countries have agreed to hike defence spending to five per cent of GDP. Australia will also send defence personnel to Europe in support of Ukraine.

The federal Opposition Leader has used an address at the National Press Club to paint her leadership as a departure from Peter Dutton, outlining her plans to rebuild the Liberal Party and draw more women to run for the party. She's also made a deeply personal admission about her own experience of coercion and control, as she vows to use her position to address domestic violence.

SBS Finance Editor Ricardo Gonçalves speaks with Harry Murphy Cruise from Oxford Economics about what's driving inflation lower and what it means for interest rates while Michael McCarthy from moomoo takes a look at the day on the sharemarket including Virgin Australia's second day on the ASX and another record for the Commonwealth Bank.

Israel's military says its focus will shift back to Gaza, after the announcement of a ceasefire between Iran and Israel. Witnesses say Israeli troops have opened fire outside an aid delivery site, resulting in at least 46 deaths of Gazans - adding to the 410 deaths that have happened outside such aid sites since a private-run group took over aid distribution in late May.

A fragile US-brokered ceasefire between Iran and Israel is holding after nearly two weeks of airstrikes and missile attacks. Both sides claim victory, but tensions remain high, with mutual accusations, disputed damage reports, and signs the conflict could easily reignite.

A Royal Australian Air Force jet carrying more than 100 Australian citizens trying to escape the conflict in the Middle East has flown out of a major Israeli city after the airspace was opened. But Foreign Minister Penny Wong said assisted departure flights from Iran are still not possible. The evacuations follow a tense week in which Australia backed US strikes on Iran nuclear sites, ahead of a tentative ceasefire.

In a wide-ranging interview with SBS News, Tehran's top diplomat in Canberra referred to US strikes on three Iranian nuclear facilities as "unprovoked and against international law". Ahmad Sadeghi says Australians who remain stranded in Iran are being provided with a way to transit to the Azerbaijan border, where they are getting consular support. He's told SBS Chief Political Correspondent Anna Henderson that Iran's willing to resume diplomatic negotiations and maintains his nation is peaceful and any attempts to overthrow the Supreme Leader would be disastrous

In the world heritage-protected Shark Bay, 800 kilometres north of Perth, a Malgana woman is working to save biodiversity. Considered one of the world's greatest wilderness treasures, she's carrying a unique responsibility passed on by Elders who've cared for the land before her.

US and Australian markets have rallied after US President Donald Trump announced a ceasefire between Israel and Iran. Plus, Virgin Australia's shares take-off after re-listing on the ASX-200. Blackmore Capital's Yu Yi spoke with Ricardo Goncalves.

Is there a ceasefire between Iran and Israel or is there not? Iranian state television is reporting a ceasefire has begun, just 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. US President Donald Trump had earlier claimed a total ceasefire had been agreed, but it was initially disputed by Iran.

Leaders from around 50 medical groups have gathered in Canberra to tackle some of the thorniest issues facing Australia's heath system. The Australian Medical Association is among the organisations to attend. The AMA argues that logjams in public hospitals, rural communities struggling to access care and the shuttering of private hospitals and services shows the health of Australia's care system is waning.

Ukrainian President Volodymyr Zelenskyy is in the United Kingdom, meeting Prime Minister Keir Starmer and King Charles, while Russian missile and drone attacks have killed at least 14 people back home. The visit comes ahead of a key NATO summit where US President Donald Trump is pushing European leaders to commit to higher defence spending.

When the teen social media ban comes into force later this year, Australia will be the first country to try enforcing an increased minimum age for social media. But experts are warning that with less than six months before it starts, it's still not clear how it will work.

The biggest cohort of First Nations graduates from a single degree have been celebrated at Monash University in Melbourne. The Master of Indigenous Business Leadership aims to encourage the next generation and diversify the sector.

Twenty-five years ago, fifteen people - mostly young backpackers and fruit pickers - were killed in an arson attack on a hostel in regional Queensland. Survivors and the families of victims have returned to the small town of Childers in the state's south-east to mark the anniversary and continue to call for the perpetrator not to be released from prison. A WARNING THAT THE FOLLOWING STORY CONTAINS CONTENT THAT MAY DISTRESS SOME LISTENERS

SBS Finance Editor Ricardo Gonçalves speaks with Robert Rennie from Westpac and Raymond Chan from Morgans to find out how the US strike on Iran is impacting financial markets, commodities and in the implication for petrol prices.

The United Nations Security Council and International Atomic Energy Agency are calling for diplomacy after the US joined Israel's assault on Iran. Iran has vowed to respond and says it has the right to defend itself in the face of aggression, warning there will be irreparable consequences following the strikes.