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Michelle Bullock says events are moving rapidly and there are different ways the war could play out, with RBA staff closely monitoring the situation.

Australian stocks are likely to fall after a fairly muted session on Wall Street, while crude oil prices have shot up above $US79 a barrel as conflict grips Middle East. Follow the latest updates in our live blog.

Playing with a chip on his shoulder and a point to prove to national selectors, Lukhan Salakaia-Loto is not wasting any opportunities early in the Super Rugby Pacific season.