That’s a wrap – thank you for reading the Need to Know blog today. We will be back soon with more live coverage of news, so please join us then. These were some of the main stories:

• Treasurer expresses frustration at RBA rate hold: Treasurer Jim Chalmers said the RBA’s decision to hold the cash rate at 3.85 per cent was “not the result millions of Australians were hoping for”, despite sustained progress on inflation.
• Police lay charges over Israeli restaurant storming: Victoria Police have charged three people over an alleged affray outside an Israeli restaurant in Melbourne’s CBD. A group of 20 protesters stormed Miznon on Friday over its part-owner Shahar Segal’s links to the Gaza Humanitarian Foundation.
• Netanyahu nominates Trump for Nobel Peace Prize: Israeli Prime Minister Benjamin Netanyahu told Trump he had nominated him for a Noble Peace Prize during a meeting at the White House on Tuesday, as the two leaders discussed plans to relocate Palestinians out of Gaza.
• Russian minister found dead hours after Kremlin dismissal: Roman Starovoit, who formally served as governor of the Kursk border region invaded by Ukraine, was found dead from a gunshot wound in his car with a pistol previously awarded to him.
• Trump announces 25pc tariffs on Japan and South Korea: US President Donald Trump moved to impose a 25 per cent tax on all goods exported from Japan and South Korea to the US, after posting notice letters to his social media platform Truth Social.