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RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher

First publishedJul 21, 15:00 UTC

Last updatedJul 22, 01:55 UTC · 2m ago

1 outlets over time — hover a bar for its window & outletslast updated

RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher

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8.0/10Source trustoutlet authority

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Answer

Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe likelihood of a Reserve Bank interest rate hike has doubled, according to market forecasts, as the escalating Middle East crisis once again drives fuel prices higher amid dwindling global oil reserves.The total breakdown in the fragile ceasefire between the US and Iran has sent the international Brent crude benchmark surging by 23% over the past two weeks and back within reach of $US90 a barrel.

Reported by 1 outlet — The Guardian US. See all sources ↓

Read the full report at The Guardian US ↗

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In brief

What's the story?: Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economyFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe likelihood of a Reserve Bank interest rate hike has doubled, according to market forecasts, as the escalating Middle East crisis once again drives fuel prices higher amid dwindling global oil reserves.The total breakdown in the fragile ceasefire between the US and Iran has sent the international Brent crude benchmark surging by 23% over the past two weeks and back within reach of $US90 a barrel.
How widely is it covered?: 1 outlet, average source rating 8.0/10.
When was it last updated?: 2m ago.

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RBA now twice as likely to hike interest rates as US-Iran war drives fuel prices higher
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TypeCoverage
The Guardian USJul 21, 15:00

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organizationAustralia organizationAustralian organizationExperts organizationIran organizationMiddle East organizationRBA organizationReserve Bank organizationU.S.-Iran

Sources (1)

Avg source rating 8.0/10

The Guardian US8

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