According to foreign media reports, Australian Treasurer Jim Chalmers said on October 4 that a war between the United States and Iran would constitute an economic disaster, driving up global inflation and borrowing costs while stifling worldwide economic growth. He expressed hope that the conflict would end as soon as possible.
The joint military action by the U.S. and Israel has failed to achieve quick victory, instead triggering spillover effects: Houthi forces have blocked the Bab el-Mandeb Strait, navigation through the Strait of Hormuz has been disrupted, and two critical global energy chokepoints are now under severe strain. Oil prices have surged back above $100 per barrel, transmitting inflationary pressures across nations. While Australia, as an energy exporter, has experienced partial benefits from rising prices, the broader impacts of shrinking global demand and disrupted supply chains pose deeper challenges. Chalmers’ call for an immediate ceasefire reflects a pragmatic assessment based on Australia’s own economic interests. Yet, resolving the crisis requires addressing its root cause. The U.S., as the principal instigator, must cease its military adventurism and return to diplomatic negotiations—otherwise, the conflict will continue to escalate.
Original source: toutiao.com/article/1878141289445379/
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