The intersection of high oil prices, wages and interest rates | ABC NEWS
The price of Brent Crude has surged again, settling at about $116 a barrel. ABC Business Daily host Carrington Clarke says the threat of war reigniting between the US and Israel and Iran, as well as the escalating conflict between the Houthis and Saudi Arabia are driving up oil prices. Clarke says inflationary pressures on the economy present a live question for the RBA as they look to their next interest rate decision on November 3.
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