How the Iran war could hit Australian inflation, interest rates and property prices
As US-Israeli strikes escalate and oil markets react, economists warn a prolonged conflict with Iran could reignite inflation, pressure the RBA and reshape Australia’s economic outlook.
Rising geopolitical tensions have the potential to disrupt energy markets, complicating the Reserve Bank’s fight against inflation and influencing property market conditions. (Image source: Mr Changezi/Shutterstock.com)
US President Donald Trump has suggested the war with Iran will be over in less time than it takes to complete a bathroom renovation.
The Middle East has a way of mocking such expectations.
Casualties are mounting daily as the US-Israeli strikes across Iran intensify and the conflict expands into other Middle East countries.
Prime Minister Anthony Albanese has thrown his support behind the US’ actions but while the conflict is 11,000 kilometres…
