The Politics of Oil, War, Inflation and the Economic Squeeze

The Politics of Oil, War, Inflation and the Economic Squeeze

Author: New Politics March 19, 2026 Duration: 38:11
A global oil shock is shaking the world economy – caused by the US and Israel – and Australia is already feeling the impact, with petrol prices pushing towards $3 per litre, rising inflation, higher interest rates, and growing fears of a recession. In this episode, we examine how US and Israel strikes on Iran have disrupted global supply chains, destabilised energy markets, and exposed Australia’s economic vulnerability.

We connect the chaos of military strategy with Donald Trump’s “America First” trade policies, showing how geopolitical instability is driving oil price volatility and economic uncertainty. There’s also the unintended consequences for global technology supply chains, AI development, and Taiwan’s semiconductor production, alongside a shift away from US-led co-ordination as countries secure their own energy deals.

Australia is now on the front line of a global crisis it didn’t create, but what does this all mean for our economic future, including energy policy, renewable transition, and structural reform?   #AUSPOL

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Eddy Jokovich and David Lewis host New Politics: Australian Politics, a podcast dedicated to cutting through the noise of the daily news cycle. Their conversations go beyond the headlines and parliamentary theatre, digging into the stories and power dynamics that often get sidelined. They focus on the issues that mainstream coverage tends to gloss over or ignore entirely, driven by a commitment to the kind of accountability many journalists shy away from. Each episode is built on thorough analysis and direct discussion, offering listeners a deeper understanding of the forces shaping the country. You’ll hear them dissect policy, political strategy, and the real-world consequences of decisions made in Canberra, all with a serious and critical eye. This isn’t about soundbites or partisan point-scoring; it’s about examining how power operates and who it serves. For anyone tired of superficial political reporting and looking for substantive commentary, this podcast provides a necessary and regular dose of clarity. Tune in for their unflinching take on Australian politics, where the conversation always aims to hold power to account.
Author: Language: English Episodes: 50

New Politics: Australian Politics, News, Analysis & Commentary
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