Will the Middle East conflict drive up prices?

<p>Over the weekend, the U.S. and Israel launched strikes on Iran, killing the country's Supreme Leader. In the days since, we&rsquo;ve seen an escalating exchange of retaliatory strikes across the Middle East.&nbsp;</p> <p>Here at home, attention is now turning to the potential cost-of-living impacts of the conflict. Today, we'll unpack what a war thousands of kilometres away means for everyday expenses like petrol, and why the Reserve Bank is already watching closely.</p> <p>Want to support The Daily Aus? That's so kind! The best way to do that is to click &lsquo;follow&rsquo; on Spotify or Apple and to leave us a five-star review. We would be so grateful.</p> <p>The Daily Aus is a media company focused on delivering accessible and digestible news to young people. We are completely independent.<strong></strong></p> <p><strong>Want more from TDA?<br /></strong><a href="https://thedailyaus.com.au/newsletter/">Subscribe to The Daily Aus newsletter</a><br /><a href="https://www.youtube.com/@thedailyaus">Subscribe to The Daily Aus&rsquo; YouTube Channel</a><strong></strong></p> <p><strong>Have feedback for us?<br /></strong>We&rsquo;re always looking for new ways to improve what we do. If you&rsquo;ve got feedback, we&rsquo;re all ears.&nbsp;<a href="https://thedailyaus.typeform.com/to/D0EhJI4S">Tell us here</a>.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>