At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.

Donald Trump: 3/10

Possibly a worse week than last week. His airports are jammed, he’s desperate for a war off-ramp, he lost another seat to the Democrats, mortgages are up, recession risk is up, and he can't jawbone oil anymore because no one believes him.

$50: 6/10

It gets a decent mark because of its restraint and fiscal realism and perhaps, at last, we finally have a government that realises spraying money we don’t have is a path to ruin.

EVs: 8/10

It's still way too early, but first data this week shows this could be a tipping point. The market has moved. Is it permanent?

Lotto: 5/10

I have no idea whether more balls are more fun, but I occasionally see a queue at the dairy on jackpot weekend, so a decent chunk of the country is still into it.

The Warriors: 9/10

The best start ever. Ever! Decades in the competition and we have never been better than this.

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I think we have a couple of emerging themes as we come to the end of week four of Operation Epic Fury.

If you follow Australia as closely as I do, you will, like me, have been filled with a sense of pride or surprise that we are out doing them in adultness.

Yes, unions here and media have pedalled the usual BS on more money for every man and their dog, let's work from home, let's panic about days left of petrol etc. But believe me – in Australia it's been worse.

They have lost their you-know-what.

They are at each other. It's not helped by their state system and that tension between state and federal and the confusion over who is doing what, and when, and whether it's any good.

Stations have run dry, not because they don’t have fuel, but because they don’t know how to drive a truck up the road.

Rural has been going at city, punter has been going at petrol operator, the Coalition and One Nation have been going at Labour. It's been a free for all bitchathon, driven by an underlying panic.

Another realisation – despite the fact a few hundred people have bought a BYD, it has become stunningly clear just how far off a renewable future we are.

Buy all the EVs you want and cycle until you are blue in the face. The cold, hard truth is that solar and batteries do not, nor I suspect will they ever in our lifetime, run a country.

Diesel runs a country. You put oil in tractors and trucks and in factories. We can be grateful our power is mostly renewable and that means we are better off than most of the world, including Australia.

But the cold, hard truth is a small bit of water carrying only 20% of the overall supply can cripple a planet, or it will if this thing isn't over shortly.

We have of course been here before. Oil has been an issue in the 70's and early 2000's.

Did we change because of it? No.

Did we say we should, or would? Probably. But we didn’t.

And you know why? Because we can't. Until the combine harvester runs on wind and the plane takes off using batteries and every factory, farmer and person who produces anything we wear, or eat, or live with does it differently, oil is it.

The whole renewables argument has been blown sky high. The world has never used, nor needed, more fossil fuels.

Four weeks of a scrap in one country has laid theory vs reality bare.

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The US President says it’s up to Iranian leaders to convince him to halt the war, or they'll be Iran's "worst nightmare."

Attacks on Israel, Iran, and Lebanon continue, with the Israeli military stating it's killed an Iranian navy chief overseeing the blockade of the Strait of Hormuz.

The US claims it's presented a 15-point plan to Iran and negotiations are taking place –which Tehran has denied.

US Correspondent Richard Arnold told Mike Hosking Iran has publicly stated that there are no negotiations but say any ceasefire would require reparations.

He says the war and diplomacy are once again at an impasse.

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