Over the weekend, the U.S. and Israel launched strikes on Iran, killing the country's Supreme Leader. In the days since, we’ve seen an escalating exchange of retaliatory strikes across the Middle East. 

Here at home, attention is now turning to the potential cost-of-living impacts of the conflict. Today, we'll unpack what a war thousands of kilometres away means for everyday expenses like petrol, and why the Reserve Bank is already watching closely.

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