Smart Economy
Iran partially closes Strait of Hormuz amid military drills and nuclear talks

Iran partially closed sections of the strategically crucial Strait of Hormuz on Tuesday, citing security precautions as its Revolutionary Guard conducted military exercises in the waterway, according to state media.

US airlifts microreactor in first test of rapid nuclear deployment

The US Departments of Energy and Defense have completed the first-ever air transport of a nuclear microreactor, flying the compact unit from California to Utah to showcase how quickly nuclear power could be deployed for military and civilian needs.

Iran floats energy and aviation deals as nuclear talks with US resume

Iran has signalled that potential cooperation in energy, mining and aircraft purchases could form part of ongoing negotiations with the United States, as the two sides prepare for a second round of talks aimed at resolving their long-running dispute over Tehran’s nuclear programme.

Australia commits $2.7bn to advance AUKUS submarine shipyard

Australia will invest A$3.9 billion ($2.76 billion) to advance construction of a shipyard critical to delivering nuclear-powered submarines under the trilateral AUKUS defence pact with the United States and Britain, Prime Minister Anthony Albanese announced on Sunday.