Westpac shifts to a 2027 RBA rate-cut call, but flags two hikes first
Renewed hostilities in the Middle East have pushed Brent crude back toward US$80 a barrel, a sharp rebound from recent lows. The move is already filtering into Australia’s retail fuel market, with petrol prices expected to jump in the coming weeks. The article attributes the rise in oil prices to fresh geopolitical developments rather than routine supply-and-demand swings or seasonal factors.