Afternoon Update: RBA hikes cash rate for second straight month; Trump seeks to delay China summit amid Iran war; and the 6.30pm rule

Want to get this in your inbox every weekday? Sign up for the Afternoon Update here, and start your day with our Morning Mail newsletter. The Reserve Bank board has lifted its cash rate target from 3.85% to 4.1% in a split decision that leaves the door open to further hikes. Five members of the monetary policy board voted to raise interest rates while four voted to hold, marking the RBA’s narrowest call since it began disclosing votes in July. Household budgets are also under pressure from soaring petrol prices due to Iran’s blockade of the strait of Hormuz oil transport corridor. Chris Bowen had earlier called out people who were buying up jerry cans from Bunnings, declaring the practice “unhelpful and un-Australian”. Middle East crisis live: Trump seeks to delay summit with China’s Xi amid Iran war; US embassy in Baghdad reportedly targeted in air attack Naveed Akram’s family members could be killed if their identities aren’t suppressed, court told Child abuse material ‘systemic’ on Elon Musk’s X amid Grok scandal, online safety regulator warned Let the games begin: Victorian Liberals fail at sport but surprise with teamwork in viral video Former Australian tennis No 1 Marinko Ma