For Australia, the best hedge against rising strategic risks is to stay focused on the fundamentals, starting with plotting a realistic pathway to rebuilding the budget buffers.
As the second week of “Operation Epic Fury” rumbles on, the duration of the widening conflict across the Middle East and its impact on the global economy and Australia remain uncertain.
US-Israeli air strikes have succeeded in decapitating Iran’s high command and degrading its military and naval capacity. Yet, like the hydra regenerating after the head is cut off, there is no certainty the regime has been defeated after the son of the assassinated supreme leader Ali Khamenei was appointed his successor.
