Prices expected to shoot up as Iran conflict continues

What this episode covers

The death toll in Iran has reportedly exceeded 1000, conflict continues in the Middle East. The strikes have pushed up the price of brent crude oil but more than 18 percent in the past week as the Strait of Hormuz remains closed. Westpac suggests that if the conflict continues for a month, prices will shoot up much further. It also warned that our inflation rate could be pushed up by one percent. Finance Minister Nicola Willis spoke to Lisa Owen.

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Frequently Asked Questions

How long is this episode of Checkpoint?

This episode is 9 minutes long.

When was this Checkpoint episode published?

This episode was published on March 5, 2026.

What is this episode about?

The death toll in Iran has reportedly exceeded 1000, conflict continues in the Middle East. The strikes have pushed up the price of brent crude oil but more than 18 percent in the past week as the Strait of Hormuz remains closed. Westpac suggests...

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