It appeared the market was betting on another TACO Tuesday from Donald Trump. And it could be said that he’s delivered.

The US President has announced a two-week cease-fire with Iran which involves an opening up of the crucial strait of Hormuz - and raises hopes of a more normal flow of energy around the world.

But no matter what the final outcome of this conflict, we’ve seen a dramatic shift in Australia’s car market. Electric Vehicle sales are soaring but the question remains: will this prove to be permanent shift in the auto market?

Carrington Clarke and ABC Business Reporter Steph Chalmers, break it all down on ABC Business Daily.

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We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.