Concerns protracted conflict between Iran and Israel will impact cost of living in Australia
- Author
- Australian Broadcasting Corporation
- Published
- Wed 18 Jun 2025
- Episode Link
- https://www.abc.net.au/listen/programs/australia-wide/australia-wide/105417880
Global markets are on edge as the conflict between Israel and Iran escalates. Iran not only controls its own oil fields, but it also has the ability to block the Strait of Hurmoz the sea passage out of the Persian Gulf to the rest of the world.
