Reserve Bank warns of future supply shocks amid Iran war energy crisis

The Reserve Bank warns that potential supply shocks from the Iran war energy crisis threaten global economic stability, impacting monetary policies and rate hike expectations. Meanwhile, the Iran military threatens a crushing response to US attacks, increasing the likelihood of escalated conflict and deeper US military involvement by 2026. These heightened tensions between the US and Iran are expected to significantly impact global markets, forcing a more cautious approach to international financial and monetary strategies.