Treasurer Jim Chalmers discusses how the conflict between Iran and Israel is creating a “perilous” situation for the global economy.
“I get briefed every day on the consequences of what’s happening in the Middle East – it is a perilous moment for the Middle East, but it is also a perilous moment for the global economy,” Mr Chalmers told Sky News Australia.
“The starkest way we see the impacts of what’s happening is with the oil price … this has big implications for the global economy, as implications for inflation, but also for global growth.”