Australia may hike interest rates if US-Iran tensions continue. Rate hike by December at 26% YES.

Japan's bank lending expansion suggests room for the central bank to raise rates further. Meanwhile, high borrowing costs continue to impact the US housing market significantly.

Markets face more uncertainty after wave of strikes on Iran over the weekend and Tehran closed the Strait of Hormuz to shipping.

Economists warn continued airstrikes could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hike

Australia may hike interest rates if US-Iran tensions continue. Rate hike by December at 26% YES.