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Follow the latest updates liveGet our breaking news email, free app or daily news podcastRising fuel prices could force interest rate riseShane Oliver, chief economist at AMP, said fuel prices could rise another 10 cents as the rebound in oil prices had not yet fully flowed through, in a note on Friday. The longer the strait remains closed and the…
Published July 18, 2026 · Category: News
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Rising fuel prices could force interest rate rise
Shane Oliver, chief economist at AMP, said fuel prices could rise another 10 cents as the rebound in oil prices had not yet fully flowed through, in a note on Friday.
Details
The longer the strait remains closed and the war escalates, the greater the risk that oil prices will have to rise to around $US150/barrel to bring demand down to match the hit to supply.
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Source
Originally published at www.theguardian.com.
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Follow the latest updates liveGet our breaking news email, free app or daily news podcastRising fuel prices could force interest rate riseShane Oliver, chief economist at AMP, said fuel prices could rise another 10 cents as the rebound in oil prices had not yet fully flowed through, in a note on Friday.The longer the strait remains closed and the war escalates, the greater the risk that oil prices will have to rise to around $US150/barrel to bring demand down to match the hit to supply. Continue
Who reported this story?+
This story was reported by The Guardian World.