The Australian economy faces significant inflationary pressures from a massive global oil supply disruption, triggered by the 2026 Iran war and the Strait of Hormuz blockade. The military strike on Qatar’s Ras Laffan LNG complex has caused energy costs to surge, compounding domestic capacity constraints and sticky services inflation.
Fully agree, Feb will be pivotal, the markets have traded AUD higher this year, so I'll be looking for dip buying opportunities.