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US strikes on Iran could damage global growth, says IMF chief
ByLauren Almeida June 23, 2025June 23, 2025

Oil prices could rise if Iran goes ahead with threat to shut down shipping in the strait of HormuzBusiness live – latest updatesUS strikes on Iran could damage global economic growth, the head of the International Monetary Fund has warned.Director Kris…

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Education minister intervenes to address crisis unfolding at ANU – as it happened
ByNick Visser June 20, 2025June 20, 2025

This blog has now closedBragg says ‘better value’ for taxpayers if Coalition part of Chalmers’ productivity roundtableAndrew Bragg, the shadow minister for productivity and deregulation, told RN Breakfast this morning it was up to treasurer Jim Chalmer…

Read More Education minister intervenes to address crisis unfolding at ANU – as it happened
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Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates
ByLauren Almeida June 19, 2025

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…

Read More Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates
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Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wrong | Larry Elliott
ByLarry Elliott June 18, 2025

The oil shocks of the 1970s-90s had brutal economic impacts. As Israel attacks Iran, a moderate rise in oil prices rests on questionable assumptionsFinancial markets picked up the clear message when Donald Trump cut short his stay at the G7 summit in t…

Read More Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wrong | Larry Elliott
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Middle East crisis risks igniting inflation. Here are the markets to watch out for in Australia
ByJonathan Barrett and Patrick Commins June 16, 2025

Interest rate cuts still likely, experts say, but oil and gold prices are up and the share market is likely to remain volatileGet our breaking news email, free app or daily news podcastThe escalating conflict between Israel and Iran has put global mark…

Read More Middle East crisis risks igniting inflation. Here are the markets to watch out for in Australia
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Iran and Israel crisis: what does it mean for the price of oil?
ByJillian Ambrose and Lisa O'Carroll June 16, 2025June 16, 2025

Banks and forecasters say price trajectory will depend on how far the military and humanitarian crisis escalatesBusiness live – latest updatesMiddle East crisis – latest updatesThe escalating crisis between Israel and Iran has already triggered the lar…

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UK petrol prices poised to rise as Israel-Iran conflict pushes up cost of oil
ByJulia Kollewe June 16, 2025

Oil price increase likely to add 5p to petrol and diesel over the next couple of months, expert saysBusiness live – latest updatesBritons are braced for higher prices at the pumps, after a rise in oil prices caused by the conflict between Israel and Ir…

Read More UK petrol prices poised to rise as Israel-Iran conflict pushes up cost of oil