The Reserve Bank has warned the Iran war could push Australia toward a damaging mix of rising prices and weaker growth, echoing the economic turmoil of the 1980s.
Australia and Malaysia have backed Pope Leo’s call for peace after Donald Trump repeatedly attacked the Pontiff for speaking out about the number of innocent people being killed in the war.
Jim Chalmers says the government has all hands on deck as it seeks to secure Australia’s fuel supplies amid the global oil crisis arising from the war in the Middle East.