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Why global conflict is reshaping Australian politics

ABC Australia · May 24, 2026, 7:00 PM

Key takeaways

  • As the war in Iran hits supermarket prices in Australia, more and more voters tired of the status quo wonder if One Nation has the answers.
  • Even if tankers and cargo start moving through the Strait of Hormuz today, the fact the critical trade route has been closed for about three months means Australian shoppers are still in for one hell of a hangover.
  • At a time when interest rates and inflation remain stubbornly high, each new data set out of government seems to only compound the angst across the community.

Why this matters: an international story with cross-border implications worth tracking.

As the war in Iran hits supermarket prices in Australia, more and more voters tired of the status quo wonder if One Nation has the answers. (ABC News: Matt Roberts)

Link copied Share Share article US President Donald Trump was yesterday touting an end to the war in Iran, but declaring mission accomplished in Washington will not spare Australian consumers from the economic fallout of the conflict.

Even if tankers and cargo start moving through the Strait of Hormuz today, the fact the critical trade route has been closed for about three months means Australian shoppers are still in for one hell of a hangover.

Article preview — originally published by ABC Australia. Full story at the source.
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