Australia news live: Surge in EV demand and fuel diplomacy push send trade surplus to nine-year low

Jump in imports narrowed Australia’s goods trade surplus to $1.1bn in June quarter. Follow today’s news live Fuel diplomacy tanks Australia’s trade surplus Australia has recorded its lowest quarterly trade surplus in almost a decade as the federal government raced to secure fuel cargoes during the Middle East oil crisi

A total of 43,106 fully electric vehicles were registered in July, a 44.5% increase on a year earlier. This saw EVs represent 27.5% of all new cars delivered to customers.

Analysts point to uptick in activity of settlement movement as it bids to entrench West Bank chokehold.