Geopolitical conflict in the Middle East is currently impacting global oil supply, a situation being monitored by the Reserve Bank of Australia.

The entities involved

• Reserve Bank of Australia →

  central bank of Australia

  • A speaker from the Reserve Bank of Australia attends a summit in Melbourne.Sun 21:42
  • Michele Bullock reflects on how she developed her career while working at the Reserve Bank of Australia.Fri 06:58
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • Escalating conflict in the Middle East is causing oil prices to rise, impacting global markets tracked from London and the New York Mercantile Exchange.Sun 23:11
  • Trump resumed military strikes against Iran, while the Pentagon announced it would maintain forces in the Middle East.Sun 20:53

Related events

• The Middle East conflict is causing oil price increases and inflation, leading central banks to manage policy amid global pressures.Jun 17
• Middle East conflict is impacting global supply chains and trade.Jun 18
• Fighting and sanctions risk are impacting oil supply and raising inflation worries globally.Jul 8
• Iran conducts attacks in the geopolitical region, causing conflict that threatens vital oil supply lines.Sep 9
• The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.Jun 16