The 98th Academy Awards is here with stars hitting the red carpet before the biggest ceremony of the season gets underway.

Oil prices have surged again as the US-Israeli war with Iran enters its third week, shutting the Strait of Hormuz and triggering the biggest global supply shock in years.

A fifth member of Iran’s women’s football team has withdrawn her asylum claim and left Australia after being granted a humanitarian visa during the AFC Women’s Asian Cup.

Australian actor Rose Byrne has been asked about Bridesmaids 2 while walking the red carpet at the Academy Awards.