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Trump’s re-election may have helped Albanese – but the US war in Iran is creating economic conundrums

10.03.2026 16:00 | The Guardian World

Resurgent inflation, already a factor before the Middle East conflict, now risks intensifying, creating a problem for the prime ministerFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastDonald Trump’s re-election helped Anthony Albanese win a landslide election, but now threatens to derail his second term of government, with the Labor government’s fortunes increasingly tethered to the US president’s policy agenda.Trump’s Middle East incursion triggered a huge spike in energy costs, propelling oil prices to their highest level in four years, as fears of a prolonged regional conflict took hold. Continue reading...

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