Sunrise

Middle East conflict threatens fuel prices and rate rises

3 min · 9. kesä 2026
jakson Middle East conflict threatens fuel prices and rate rises kansikuva

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Rising tensions between Iran and Israel are expected to drive up fuel prices in Australia, with economists warning of potential flow-on effects to everyday consumer goods and possible interest rate increases by the Reserve Bank of Australia. The Australian stock market faces a challenging reopening following a $2 trillion wipeout on Wall Street and an 8% crash in South Korea's major index. The market turmoil stems from disappointing tech sector earnings, strong US job numbers reducing prospects for rate cuts, and ongoing Middle East conflicts. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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