Mechanics of recession: petrol, transport and double whammy

Could the Iran war lead our economy into a recession?

Past oil shocks have sparked economic downturns and as petrol and diesel prices climb now, it could happen again. 

Today, the ABCs finance expert Alan Kohler on why he thinks this could be one of the great disasters of our lifetime. 

Featured: 

Alan Kohler, ABC finance expert and host of the “That's Business with Alan Kohler” podcast