BUSINESSTHE GUARDIAN WORLD
Fourth Australian interest rate rise more likely if Trump’s Iran conflict not resolved within a week
Economists warn that continued US-Iran conflict, including missile strikes and a new maritime blockade, could push oil prices above US$100 a barrel. This could increase the likelihood of a fourth Australian interest rate rise this year if the conflict remains unresolved within a week.
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- Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz
- Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
- Trump says US will hit Iran ‘hard’ this week
- Falling gas prices likely cut inflation last month but renewal of Iran war could undo progress
- Oil jumps as Trump claims new Hormuz blockade on Iran