Chris Spyrou

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I'm Chris Beer.

I'll catch you next time.

Morning, Sash.

We're starting in Canberra today as more budget news trickles through a week out from the announcement.

The latest is around EVs with the government set to keep its tax break for the cars despite blowing out costs, but will introduce new measures to rein some of the spending in.

The incentive has saved drivers thousands of dollars on the purchase of both new and used EVs, making the decision to keep the tax break a particularly timely move right now as more people look to ditch petrol cars amid the Iran war.

Yeah, the Treasurer Jim Chalmers yesterday insisting making the right decisions for Australians is more important.

It's widely tipped that we will see very little spending in this paper with savings to be prioritised and we've kind of already seen that with the announced changes to the NDIS.

Yes, they've got a lot of buffer space for people to forget.

To New South Wales now, where three people are dead and four others have been injured in a water rescue gone wrong.

It's understood a marine rescue crew had been heading out to help a yacht in distress at Ballina when the vessel rolled in heavy conditions last night.

Police have since confirmed that three people have died, but it's not clear if they were members of the rescue crew or on the yacht.

to the middle east now where iran has launched a fresh wave of attacks towards the united arab emirates for the first time since last month's ceasefire a drone hit the country's largest port and oil facility injuring three indian nationals while four missiles were either intercepted or came down in the sea the attacks pushed oil prices up sharply brent crude now at 157 australian dollars a barrel and that for context is up 53 since the beginning of this year

He's also spoken to Fox News, warning Iran it would be, quote, blown off the face of the earth if it does continue going after U.S.

vessels guiding ships through and if Iran continues blocking the waterway.

Iran, though, remains defiant, saying it has a legitimate right to police those crossings and sees the whole U.S.

operation as a ceasefire breach.

Again, kind of like we said last week, nothing's changing in this space.

That ceasefire, is it holding?