SBS News In Depth Folgen

The war in the Middle East has rocked the financial world, with the price of oil sky rocketing and no end to the conflict in sight. This week will see the Reserve Bank set the interest rate - and the markets are now predicting there's likely to be a hike in the rates. Cameron Carr spoke to the AMP's Chief Economist Shane Oliver. He says it's an uncertain situation.

The Federal Government has authorised a temporary 60-day easing of sulphur standards to inject high-sulphur petrol into regional communities facing critical fuel shortages. While Energy Minister Chris Bowen maintains that national reserves are stable, critics and analysts warn that Australia’s decade-long failure to meet international stockpile obligations leaves the country vulnerable to prolonged geopolitical shocks.

A displacement crisis has accelerated in Lebanon over the last fortnight, driven by the widening war in the Middle East. Nearly 15 per cent of Lebanon's population have been forced to flee their homes in the past fortnight and the UN is warning the humanitarian situation is set to further deteriorate.