Australia Treasury warns Middle East war could worsen economic pressure
Australia's Treasury has warned that the economic risks from the continuation of the war in the Middle East are increasing. The warning comes as the federal government weighs whether to extend fuel excise relief into August. It also lands just days before the latest inflation figures are due, ahead of the Reserve Bank of Australia's next board meeting.Treasurer Jim Chalmers has said the government is monitoring developments closely and has not ruled out extending the discount on petrol and diesel. The current relief, worth about 16 cents per litre, is due to end on Sunday after a previous three-month cut... [Continue Reading]
360LiveNews | 27 Jul 2026 21:05 LONDON
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