Squiz Today A third week of war in Iran, and it's Oscars day
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Mar 15, 2026 A deep look at the expanding conflict in Iran and how it is affecting shipping through the Strait of Hormuz. A rundown of economic concerns with inflation and possible rate moves. Coverage of a year-long toxic algal bloom devastating South Australia’s marine life and economy. A lively preview of Oscars night and which Australian contenders are in the running.
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Conflict Shows No Immediate Path To Peace
- The war in Iran shows little sign of ending as both sides refuse ceasefire or acceptable terms.
- US signals conflict may last weeks while Iran's FM says it never asked for negotiations, prolonging regional disruption.
Hormuz Closure Is Hitting Global Oil Flows
- Closure of the Strait of Hormuz is cutting off about a fifth of daily global oil supply, intensifying economic pressure.
- Commercial ships are avoiding the strait and leaders including Trump have asked allies to escort tankers to mitigate disruption.
Oil Shock Could Push Inflation And Rates Higher
- Treasurer Jim Chalmers warns inflation could rise from 3.8% to around 4.5% due to oil-driven price increases.
- The Reserve Bank meets this week and most economists expect an interest rate rise in response.