Jim Chalmers, Australia’s treasurer, has ruled out extending the temporary fuel excise cut, citing the ongoing war in the Middle East as a significant factor driving inflation. He indicated that the conflict has exacerbated existing inflationary pressures, particularly affecting fuel prices and essential commodities.
The treasurer’s comments highlight a critical connection between international conflicts and domestic economic conditions. As the war continues, global supply chains for oil and other vital re
Sources
theguardian.com
