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Politics
Michelle Grattan, Professorial Fellow, University of Canberra

Grattan on Friday: Oil prices could be where the Middle East crisis collides with Australia’s cost-of-living crisis

Angry, accusatory partisan exchanges over the Middle East war have dominated federal politics this week. But for most ordinary voters the issue remains “over there”.

Apart from the minorities for whom it has an immediate impact – Jewish people frightened by antisemitism, the Muslim community, those with families in Lebanon and elsewhere – it’s a tragedy without tangible relevance to their day-to-day lives.

On Thursday however, Treasurer Jim Chalmers warned the foreign crisis could feed directly into the domestic cost-of-living crisis, via the price of oil.

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