Steve Smith announces retirement from ODI after Australia's Champions Trophy semi-final defeat against India

Smith captained Australia in the absence of injured Pat Cummins.

Smith topscored for Australia in the semi-final match by scoring 73 on the spinning wicket in Dubai, where India is playing all their Champions Trophy clashes after refusing th travel to host nation Pakistan amid deteriorating bilateral ties with the neighbouring country.

Crikcet Australia said Smith will be available for T20 and Test selection.

Smith's decision to continue playing T20 is perhaps backed by his will to represent Australia in the Los Angeles Olympics where T20 cricket will be played.

It is the first time T20 Cricket will be introduced in  the Olympics as a major event.

"It has been a great ride and I have loved every minute of it," Smith said in a release as quoted by Cricket Australia website.

"There have been so many amazing times and wonderful memories. Winning two World Cups was a great highlight along with the many fantastic teammates who shared the journey," he said.

Preparation for 2027 World Cup

Smith said it is the best time to make way for younger players to start preparation for the upcoming 2027 World Cup.

"Now is a great opportunity for people to start preparing for the 2027 ODI World Cup so it feels like the right time to make way," he said.

Smith Looks Forward Playing Test

Smith said he is looking forward to play the World Test Championship in England.

Australia will face South African challenge to defend the title.

"Test cricket remains a priority and I am really looking forward to the World Test Championship final, the West Indies in the winter and then England at home. I feel I still have a lot to contribute on that stage," he said.

Smith played 170 ODI matches for Australia.

He led Australia in 64 one-day matches.

He scored 5800 runs in the 50-over format.

New Cricket Australia chief executive Todd Greenberg congratulated Smith on his achievements in the 50-over format.

"Congratulations to Steve on an amazing One-Day International career during which he has made a vast contribution to Australia's performances in the 50-over format," he said