Major Financial Blow For Aussie Homeowners & Queensland Braces For Cyclone Narelle

The Reserve Bank of Australia has raised the official cash rate from 3.85 per cent to 4.10 per cent, a 25-basis-point jump designed to cool down a recent spike in inflation; The United Arab Emirates has officially closed its entire airspace as an "exceptional precautionary measure" following reports of incoming missile and drone threats from Iran; Queensland braces for Cyclone Narelle; The Australian Competition & Consumer Commission has officially summoned major fuel retailers, including BP and Ampol, to an emergency meeting to explain skyrocketing petrol prices following the closure of the Strait of Hormuz - where a large portion of the world’s petrol supply passes through; And Two Iranian national football players have officially traded their international jerseys for Brisbane Roar colours as they seek asylum in Australia. THE END BITS Support independent women's media Check out The Quicky Instagram here and our TikTok here Discover more Mamamia podcasts here GET IN TOUCHShare your story, feedback, or dilemma! Send us a voice note or email us at [email protected] CREDITS Host: Gemma Donahoe  Audio Producer: Lu Hill Mamamia acknowledges the traditional owners of the land on which we have recorded this podcast.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.