search
global supply chains
Trends
- 1Iran says Strait of Hormuz stays closed until conditions met●Iran says Strait of Hormuz will not reopen until conditions are met
Iran says the Strait of Hormuz will not reopen until its conditions are met, keeping the critical oil shipping route disrupted. The strait handles a large share of the world's oil exports, so any closure immediately raises concerns about energy prices, supply chains and the risk of wider escalation in the region.
- 2Australia blames U.S.-Iran conflict for higher inflation and borrowing costs●Australia’s Chalmers blames U.S.-Iran war for higher inflation, borrowing costs
Australian Treasurer Jim Chalmers says the war between the United States and Iran is driving up inflation and borrowing costs at home, citing pressure on global oil prices and supply chains. The comments come as Australian households continue to face elevated living costs and as the Reserve Bank weighs how long rates must stay high amid growing international instability.