ASX suffers more heavy losses as Middle East crisis spooks investors – as it happened

NSW prepares for fuel shortages at hospitals as Australia relaxes petrol standards for 60 days Get our breaking news email, free app or daily news podcast It’s time to wrap things up for the day. Here’s what’s been keeping us busy: The federal energy minister, Chris Bowen, announced a temporary downgrade in Australia’s fuel quality standards. Dennis Richardson says his decision to resign from the royal commission into antisemitism had nothing to do with the government, but says he came to the decision that he was “surplus” to the needs of the body. Increasingly ugly abuse in federal parliament has prompted a group of independents and the Greens to call for an urgent intervention from Labor to change the rules The sealed section of the robodebt royal commission report has been made public almost three years after the final report was handed down. Australian shares suffered heavy losses today over concerns the oil market turmoil caused by the Middle East conflict could get worse. Software provider Atlassian said on Wednesday it would lay off around 10% of its workforce, or roughly 1,600 positions, as part of a restructuring plan to push into artificial intelligence and en