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flag Ceasefire in Iran raises oil prices, fueling inflation and prompting rate hikes.

flag A ceasefire in the Iran conflict offers temporary relief, but the economic fallout will persist. flag Damaged infrastructure and shipping risks in the Strait of Hormuz are keeping oil prices elevated, leading to higher costs for petrol and diesel. flag These expenses are fueling inflation, prompting the Reserve Bank of Australia to signal it will likely raise interest rates further.

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