✉news WarWar first seen 5 h ago, last 1 h ago, peak #1

Australian Treasurer Calls US-Iran War an Economic 'Disaster'

Original: Australian Treasurer Calls US-Iran War an Economic ‘Disaster’

Australia's Treasurer has described a potential US-Iran war as an economic 'disaster', warning of the severe consequences a conflict in the Middle East would carry for the global economy. The remarks come amid heightened tensions between Washington and Tehran, with markets and governments weighing the fallout of any escalation on trade, energy prices and financial stability.

Why now: Rising US-Iran tensions are putting governments and markets on alert over the economic risks of a wider conflict.

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• Australian Treasurer Calls US-Iran War an Economic ‘Disaster’ · Bloomberg.com

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