How will the Middle East war affect Australia’s economy? | ABC NEWS
Concerns are growing worldwide about how the Iranian conflict could affect the global economy, as Qatar’s energy minister warned that the Gulf could stop oil production within days if ships cannot proceed through the Strait of Hormuz.
Justin Wolfers, professor of economics at the University of Michigan, says Australians are particularly at risk as we import more oil than we export.
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Read more here: https://www.abc.net.au/news/2026-03-07/iran-war-pushes-oil-price-above-90-dollars/106427656
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