Relative Return Insider: How the US–Iran conflict is re‑wiring Australia's economy

In this episode of Relative Return Insider, Keith Ford and AMP chief economist Shane Oliver discuss the market turmoil triggered by the escalating US–Iran conflict and closure of the Strait of Hormuz, which is disrupting the flow of oil and gas. Shane forecasts the impact of the increasing cost of oil on Australia's fuel prices and similarities to the 1970s oil crises, and how this could flow through to a mix of higher inflation, weaker growth, and renewed focus on energy security and de‑globalisation. Tune in to hear: How the US–Iran conflict is affecting global markets beyond fuel prices. Why the RBA will likely move to hike rates next week – and if it would be the right call. Whether the shock is likely to accelerate structural shifts.