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Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre
Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrel
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theguardian.com
RBA now twice as likely to hike interest rate as US-Iran war drives fuel prices higher
Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economy
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sbs.com.au
Not a 'one off spike': Why higher petrol prices are set to return
Multiple factors are expected to push up prices at the bowser, as markets also ramp up expectations for another rate hike.
