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The Australian

Good morning,

Resources Minister Madeleine King has reassured domestic gas users that they will be protected from any supply and pricing fallout in the wake of Iran’s threat to block the Strait of Hormuz.

The Victorian government has softened changes aimed at electrifying the state and reducing the use of gas following an outcry.

Meanwhile, the billionaire Pratt family is trying to take back a Toorak property at the centre of a dispute between their former son-in-law Alex Waislitz, his new fiancee Rebecca Behbahani and her sister.

Vesna Poljak

Business editor

The markets

Making news this morning

1

Iran response: oil markets, stocks play the long game

Resources Minister Madeleine King says the Albanese government will act in national interest on the $30bn Santos takeover, as world oil markets adjust to the realities of war time.

2

Crisis in Middle East could threaten super returns

Just as super returns were set to deliver another bumper year, the conflict in Iran could be the catalyst for a sell-off in investment markets.

3

AusSuper, Crown and Uber CEOs to join Sky News, The Australian

Appearing after the Prime Minister’s keynote on July 4 are AustralianSuper’s Paul Schroder, Crown Resorts’ David Tsai and Uber Eats ANZ’s Ed Kitchen as Australia’s Economic Outlook returns for its fourth year.

Editor's picks

Case cooked: Wizard of Oz Greg Coffey settles suit with chef

An aversion to headlines may have been the catalyst for the settlement of a US court case between billionaire hedge fund manager Greg Coffey and his overworked private chef.

FIT FOR THE TOP

The untold business benefits of learning to samba

Learning to dance has offered both peace and excitement to EY’s deputy CEO in Australia, Jenelle McMaster, who thinks business leaders can take note of her experience of switching off and having fun.

By DAMON KITNEY

AI health start-up scores $6.3m to save our hospitals

A Melbourne start-up is launching AI across our hospitals, promising to cut costs, boost efficiency, and get doctors back to the bedside. But can it save our healthcare system and protect your privacy?

Commentary

Even an oil shock won’t hold back Virgin’s IPO

By ERIC JOHNSTON

Associate Editor

Market turmoil be damned. Virgin is determined to push ahead with the year’s biggest stockmarket listing.

DataRoom

→	What to expect for Virgin and Greatland Gold IPO debuts

June 24 is the biggest day of the year so far for listings, with Virgin’s $685m return to public markets and UK gold miner’s $490m float.

→	Scape a possible buyer for Lendlease stake in Keyton

Lendlease is this week expected to kick off the sale process for parties interested in its 25 per cent stake in retirement living operator Keyton.

→	Timing critical for AGL’s Tilt sale

Investment bankers will begin marketing a 20 per cent holding in Tilt Renewables from August, but infrastructure buyers may keep their powder dry with an eye on other upcoming opportunities.