Dire warning about war's impact in Australia

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Source: 9News
Published: 2026-03-18 14:27 UTC+10:00
Section: Finance
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Australia, Iran, Energy, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
Think petrol prices are bad now? It's entirely possible you ain't seen nothing yet, if a worse-(but not worst)-case scenario plays out in the war in Iran.Westpac has updated its modelling on the economic impacts brought about by the conflict, particularly on energy costs.The big four bank's baseline – the scenario it thinks is most likely to play out – is the war lasts about a month, but that shipping through the Strait of Hormuz takes a further month to
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