Stepping back from the Middle East conflict, there are nine key consequences likely to emerge, according to Shane Oliver of AMP. He highlights higher prices and inflation, elevated geopolitical risk, a renewed global terrorism threat, and increased defence spending. Other effects include greater investment in oil and gas infrastructure, a stronger push toward renewables and nuclear energy, and renewed pressure to onshore supply chains. Oliver also points to a more crisis-prone global environment

Stepping back from the Middle East conflict, there are nine key consequences likely to emerge, according to Shane Oliver of AMP. He highlights higher prices and inflation, elevated geopolitical risk, a renewed global terrorism threat, and increased defence spending. Other effects include greater investment in oil and gas infrastructure, a stronger push toward renewables and nuclear energy, and renewed pressure to onshore supply chains. Oliver also points to a more crisis-prone global environment and expanding government intervention with rising public debt, which he says could further fuel populism.