Longer Middle East disruption lifts peak prices for oil and gas, lengthens recovery. Infrastructure damage exacerbates the shock. Brent oil now expected to peak at an average $120/bbl in Q2 and Japanese LNG prices at $26mmbtu. Australian CPI inflation now expected to peak at 5.4%yr in June quarter, and even higher on the monthly series, […]The post Australia: Middle East Crisis Update – A Materially Bigger and More Persistent Shock appeared first on ActionForex.