Economists warn continued airstrikes could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hike
Resurgent oil and fuel prices could cement a fourth interest rate rise this year if Donald Trump’s renewed conflict with Iran is not resolved within a week, economists warn.
US missile strikes on Iran and Trump’s announcement overnight of a new maritime blockade has lifted oil prices to their highest point in the month since the two countries agreed to a peace deal.
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This article was originally published by The Guardian and written by Luca Ittimani.
Read original article on The Guardian