Inflation spike: Oil prices could derail economy, Treasury warns
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Source: The Age
Published: 2026-07-28 00:01 UTC+10:00
Section: Politics / Federal
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Middle East, Military & Defence, Australia, Iran, Ukraine/Russia, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, Crime & Justice, War & Conflict
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Snippet:
Treasury has warned the Australian economy could be hit by an inflation spike and slower growth through the second half of the year as America’s war against Iran, Houthi attacks in the Red Sea, and Ukraine’s assault on Russian oil refineries upend the global petroleum market.
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