Brisbane Times ·general ·1 hour ago

Trump Iran conflict costs Australia 15 billion dollars and slows growth

Trump's Iran conflict has cost the Australian government an extra $15 billion over four years, forcing economic growth forecasts down to 1.75 percent by 2027. Iran's seizure of the Strait of Hormuz disrupted one-fifth of global oil supply, pushing prices toward $100 a barrel.

Summary by Glance · Brisbane Times

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