Chalmers says small business ‘paying the price’ for Middle East conflict as he unveils support measures

Australian treasurer says Iran war having ‘extreme impact on global economy’ as Albanese to address nation about fuel crisis Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Jim Chalmers has unveiled a suite of Covid-era support measures including tax deferrals for businesses struggling with soaring fuel prices, in the latest sign the government is preparing for a more severe economic downturn from the US-Israel war on Iran . Add
Prime minister to deliver address live at 7pm AEDT as Jim Chalmers says Iran war having ‘extreme impact on global economy’
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Jim Chalmers has unveiled a suite of Covid-era support measures for businesses struggling with soaring fuel prices and the prime minister is set to address the nation in the latest sign the government is preparing for a more severe economic downturn from the US-Israel war on Iran.
“The war in the Middle East is having an extreme impact on the global economy. Australians and Australian small businesses are paying the price for that,” the treasurer told reporters on Wednesday.
Coverage from 2 sources
- Chalmers says small business ‘paying the price’ for Middle East conflict as he unveils support measuresGuardian - World · Patrick Commins and Josh Butler · Apr 1, 2026, 1:04 AM
- Anthony Albanese to address nation on Wednesday night as treasurer announces Covid-era support measuresGuardian - World · Patrick Commins and Josh Butler · Apr 1, 2026, 10:53 AM
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