The Albanese government is under growing pressure to explain why it is not providing more help to the US and its allies as intensifying attacks from Iran-backed Houthi rebels shut down shipping in the Red Sea.
The rebel attacks drove a spike in energy prices on Tuesday and hastened a US-led regional security response, dubbed Operation Prosperity Guardian, to a dangerous escalation of the Israel-Hamas war.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
Sarah Jones is the markets editor at The Australian Financial Review. She is based in the Sydney newsroom. Connect with Sarah on Twitter. Email Sarah at sa.jones@afr.com
Mark Mulligan is the world editor and a former markets and economics writer. He was a Financial Times correspondent. Connect with Mark on Twitter. Email Mark at mark.mulligan@afr.com.au
