Event Brief
May 12, 2026 at 8:04 AM ET
Australia Doomsday Scenario Sees Oil Hit $200 on War Escalation
By The BriefBrief
Australia’s government scenario analysis for its annual budget projects oil could reach $200 if the Iran war intensifies.
WHO: Australia’s government
WHAT: Australia conducted annual budget scenario analysis projecting oil at $200 under war escalation
WHEN: May 12, 2026 at 6:25 AM ET
WHERE: Australia
WHY: The scenario assumes the war in Iran intensifies, driving oil prices higher.
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