Trump’s Middle East war could push Australia to brink of recession if conflict worsens, budget papers show
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Source: Guardian Australia
Published: 2026-05-12 19:53 UTC+10:00
Section: Australian budget 2026
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Middle East, Military & Defence, Australia, Iran, Energy, Economy & Finance, Tax & Budget, World News, US Politics, Business & Economy, War & Conflict
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Snippet:
Worst-case scenario modelling by Treasury shows oil prices as high as $200 a barrel in September quarter and inflation at 7.25% due to Iran war
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