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Iran War to Be ‘Defining Influence’ on Australian Budget: Treasurer

Rising oil prices, up 70% since January, pressure inflation and growth, prompting Treasury to prepare multiple economic scenarios and fuel security measures.

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Treasurer Jim Chalmers has given a major indication on the next budget, as Australians face down spiralling fuel prices and soaring cost of living.
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PerthNow broke the news in City of Perth, Australia on Wednesday, March 18, 2026.
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