{"id":726574,"date":"2026-06-10T03:58:13","date_gmt":"2026-06-10T03:58:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/726574\/"},"modified":"2026-06-10T03:58:13","modified_gmt":"2026-06-10T03:58:13","slug":"anthony-albanese-very-worried-about-human-and-global-economic-impacts-of-iran-war-escalation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/726574\/","title":{"rendered":"Anthony Albanese &#8216;very worried&#8217; about human and global economic impacts of Iran war escalation"},"content":{"rendered":"<p class=\"paragraph_paragraph___QITb\">Prime Minister Anthony Albanese says he is &#8220;very worried&#8221; about fresh US strikes on Iran and has highlighted the difficulties for global markets responding to US President Donald Trump&#8217;s repeated peace deal announcements.<\/p>\n<p class=\"paragraph_paragraph___QITb\">It comes as the US said it had ordered fresh strikes on Iran, which it described as a &#8220;proportional response to unjustified Iranian aggression&#8221; after an <a class=\"Link_link__kR0xA Link_link__5eL5m ScreenReaderOnly_srLinkHint__OysWz Link_showVisited__C1Fea Link_showFocus__ALyv2\" href=\"https:\/\/www.abc.net.au\/news\/2026-06-09\/us-apache-helicopter-goes-down-near-strait-of-hormuz\/106776686\" data-component=\"Link\" data-uri=\"coremedia:\/\/article\/106776686\" rel=\"nofollow noopener\" target=\"_blank\">American helicopter was downed<\/a> while patrolling the Strait of Hormuz near Oman.<\/p>\n<p class=\"paragraph_paragraph___QITb\">The two crew members were rescued from the water.<\/p>\n<p class=\"paragraph_paragraph___QITb\">While Iran&#8217;s Foreign Minister Abbas Araghchi did not directly address the helicopter incident, he said Iran&#8217;s military would &#8220;leave no attack or threat unanswered&#8221;.<\/p>\n<p class=\"paragraph_paragraph___QITb\">In the hours following Mr Albanese&#8217;s comments, the Islamic Revolutionary Guard Corps (IRGC) said it had attacked a US Navy base with drones in Bahrain.<\/p>\n<p><img decoding=\"async\" alt=\"donald trump extends his arms as he shouts during a state of the union speech\" class=\"Image_image__5tFYM ContentImage_image__DQ_cq\"  src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/7aee7824c89ce33b5cd087dcf6f3325d.jpeg\" loading=\"lazy\" data-component=\"Image\" data-lazy=\"true\"\/><\/p>\n<p class=\"Typography_base__sj2RP FigureCaption_text__zDxQ5 Typography_sizeMobile12__w_FPC Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">Mike Johnson (right) says the latest US strikes were &#8220;proportional and limited&#8221;. (Reuters: Kenny Holston\/Pool)<\/p>\n<p class=\"paragraph_paragraph___QITb\">Mr Albanese said he was concerned about the human cost of the latest escalation and emphasised the economic impact of the conflict, which is now in its third month.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;We&#8217;re very worried both about the human impact of course that comes with war, but also the economic impact, that is having a massive impact on the global economy, will get worse rather than better,&#8221; Mr Albanese told the ABC.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Mr Albanese said markets were having difficulties following the changes to peace deals, when questioned about Mr Trump&#8217;s repeated statements about the apparent success of negotiations.<\/p>\n<p class=\"paragraph_paragraph___QITb\">He said repeated US statements about a resolution in the conflict between the US, Israel and Iran also carried a &#8220;caveat&#8221; that there was uncertainty about whether the agreements would hold.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;That&#8217;s creating a great degree of difficulty as well when economic markets respond to these new statements that are made in the United States and other places as well,&#8221; Mr Albanese said.<\/p>\n<p>Strait &#8216;open, then it&#8217;s closed&#8217;<\/p>\n<p class=\"paragraph_paragraph___QITb\">Mr Albanese said Australia had repeatedly called for a permanent ceasefire in the conflict.<\/p>\n<p class=\"paragraph_paragraph___QITb\">US House Speaker Mike Johnson said the strikes following the helicopter incident were &#8220;proportional and limited&#8221; and targeted Iran&#8217;s radar, missile and command-and-control sites.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;It is defensive in nature. We lament that has become necessary,&#8221; Mr Johnson told US reporters earlier on Wednesday.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;Iran struck US assets and personnel. We can&#8217;t allow that, so we&#8217;re going to have to take care of this business.&#8221;<\/p>\n<p class=\"paragraph_paragraph___QITb\">Mr Albanese said it was clear Mr Trump wanted to see an end to the conflict, before adding that the government did not read too much into the Trump administration&#8217;s statements about resolutions.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;President Trump has said, and you&#8217;ve got to take it at face value, but also because of the consequences for the US economy as well, that he does want an end to the conflict,&#8221; Mr Albanese said.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;We&#8217;ve had a number of declarations. I wake up in the morning and get a readout that says Strait of Hormuz has opened.<\/p>\n<p>&#8220;Then a couple of hours later it&#8217;s closed, then it&#8217;s open, then it&#8217;s closed.&#8221;<\/p>\n<p class=\"paragraph_paragraph___QITb\">Mr Albanese said it was important to ensure a sustained peace deal was reached because the impacts were being felt in countries not involved in the conflict.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;It makes it very difficult to deal with the consequences and even though we&#8217;re not a party of the conflict, we&#8217;re not protagonists, it&#8217;s having a real impact here.&#8221;<\/p>\n<p><a href=\"https:\/\/www.abc.net.au\/news\/2026-06-09\/ships-crossing-strait-of-hormuz-iran-us-war\/106749220\" data-component=\"FullBleedLink\" class=\"RelatedCard_link__rsgR9 FullBleedLink_root__lTw_U interactive_focusContext__yRhc_ interactive_defaults__AKxUU FullBleedLink_showVisited__g3Xvz\" rel=\"nofollow noopener\" target=\"_blank\">Ships go &#8216;dark&#8217; to cross the Strait of Hormuz<\/a><\/p>\n<p class=\"Typography_base__sj2RP RelatedCard_synopsis__cFwMW Typography_sizeMobile14__u7TGe Typography_lineHeightMobile20___U7Vr Typography_regular__WeIG6 Typography_colourInherit__dfnUx\" data-component=\"Typography\">Amid new strikes, the future of the Strait of Hormuz has again been plunged into uncertainty, but ships are finding a way through.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Mr Albanese said the government was yet to make a decision on whether the cuts to the fuel excise would be extended after their expiry date later this month.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Nationals leader Matt Canavan said the cut had provided some relief, but added it had cost billions of dollars to the budget&#8217;s bottom line.<\/p>\n<p class=\"paragraph_paragraph___QITb\">&#8220;I think what we should be doing is keeping a watching brief. If prices spike again, excise relief should be on the table,&#8221; Mr Canavan said.<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Anthony Albanese says he is &#8220;very worried&#8221; about fresh US strikes on Iran and has highlighted&hellip;\n","protected":false},"author":2,"featured_media":726575,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8932,64,63,2490,164,82813,12241,44,6895,143126,6900],"class_list":["post-726574","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-albanese","tag-au","tag-australia","tag-donald-trump","tag-economy","tag-international-markets","tag-middle-east","tag-news","tag-prime-minister","tag-strait-of-hormuz","tag-war"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/726574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=726574"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/726574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/726575"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=726574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=726574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=726574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}