Will the Middle East conflict drive up prices?

Over the weekend, the U.S. and Israel launched strikes on Iran, killing the country's Supreme Leader. In the days since, we’ve seen an escalating exchange of retaliatory strikes across the Middle East.  Here at home, attention is now turning to the potential cost-of-living impacts of the conflict. Today, we'll unpack what a war thousands of kilometres away means for everyday expenses like petrol, and why the Reserve Bank is already watching closely. Want to support The Daily Aus? That's so kind! The best way to do that is to click ‘follow’ on Spotify or Apple and to leave us a five-star review. We would be so grateful. The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent. Want more from TDA?Subscribe to The Daily Aus newsletterSubscribe to The Daily Aus’ YouTube Channel Have feedback for us?We’re always looking for new ways to improve what we do. If you’ve got feedback, we’re all ears. Tell us here.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.