This week we’re talking about the enormous global volatility the government is dealing with, courtesy of the US-Israel war on Iran, and whether we need to be worried about things like our fuel supplies.

Also, with this global instability and an interest rate rise this week, will Treasurer Jim Chalmers water down his budget ambitions, or press on with major changes to intergenerational equity and tax?

The Inside Politics team of Jacqueline Maley and Paul Sakkal also find time to touch on the electorate of Farrer, which is shaping up to hold one of the more interesting byelections.