The conflict in the Middle East continues to rage on, and there's concerns about what it could mean for the Australian economy.

The US and Israel have struck more than 1200 Iranian targets, with plans to ramp up the bombardment in coming hours, and Iran has launched more strikes and choked oil tanker transit through the Strait of Hormuz.

Australian correspondent Murray Olds says RBA governor Michele Bullock says it's too early to know the impacts, but economists have warned this could see petrol prices rising by 40 cents a litre. 

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The conflict in the Middle East continues to rage on, and there's concerns about what it could mean for the Australian economy.
The US and Israel have struck more than 1200 Iranian targets, with plans to ramp up the bombardment in coming hours, and Iran has launched more strikes and choked oil tanker transit through the Strait of Hormuz.
Australian correspondent Murray Olds says RBA governor Michele Bullock says it's too early to know the impacts, but economists have warned this could see petrol prices rising by 40 cents a litre.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Murray Olds: Australian correspondent on the RBA warning the Middle East could have economic impacts

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