Fourth Australian interest rate rise more likely if Trump’s Iran conflict not resolved within a week

The Guardian reports that President Trump's renewed military conflict with Iran — including new missile strikes and a maritime blockade — has sent oil prices soaring to their highest level in a month. Economists warn that if tensions remain unresolved within the week, oil could surge past one hundred dollars a barrel, a move that would likely push Australia's central bank to raise interest rates for a fourth time this year.

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