The impact of the US/Iran war on markets

Please click here to view Shane Oliver's views on the impact the US/Iran war on economies and markets.

Key points raised are :

Uncertainty around the duration of the US/Israel war with Iran has intensified with oil prices spiking to $US119/barrel only to then plunge as President Trump hinted that the war may be close to over. This is in turn driving big gyrations in investment markets.
While a limited war remains more likely than a long war, it could still push oil prices higher & shares lower in the near term. Trump may be getting close to an off ramp though.
For the RBA, there is a strong case to wait till May on rates as the boost to inflation could prove temporary.

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