Time to stay calm on Iran, says Frydenberg, despite perfect storm

Original article by Simon Benson, Ben Packham
The Australian – Page: 1 & 6 : 17-Sep-19

Treasurer Josh Frydenberg has urged business leaders and investors not to overreact to recent events such as the attacks on Saudi oil facilities. He said on 16 September that the attacks, along with Brexit and trade tensions, give "investors cause to pause". The attacks, which took place on 14 September, have sparked fears of war in the Middle East, with Donald Trump saying the US is "locked and loaded" to take action over them. Iran has denied allegations it was responsible for the attacks, which saw the price of Brent crude oil jump almost 20 per cent when markets opened on 16 September.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY

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