Australia news LIVE: US-Iran ceasefire crumbles; Most want house prices to drop

Hello and welcome to our live national news coverage for Tuesday, July 14. Here’s what’s making headlines today. US-Iran ceasefire collapsing: The US will “guard” the Strait of Hormuz and charge ships a fee of 20 per cent of their cargo value to pass safely, President Donald Trump said. Oil price surge: Oil is up again after days of missile exchanges across the Strait of Hormuz. The US is set to blockade Iranian ports today. House price poll: A growing majority of Australians want house prices to fall, in some cases by more than 20 per cent, new polling shows. Major AI announcement: AI giants’ offer to create a fund to pay artists in exchange for a copyright exemption has been rebuffed, as Prime Minister Anthony Albanese prepares to deliver a major speech on the technology today. CFMEU pressure: A former senior official who oversaw the redevelopment of a Victorian hospital says the state government intervened to make public servants sack a company disliked by the CFMEU. Sam Neill farewelled: Tributes continue to flow around the world for beloved actor Sam Neill, who died aged 78 in Sydney on Monday.