Episode Details

US Treasury Secretary Scott Bessent has announced a series of measures which he says will cause the ‘economic asphyxiation’ of Iran, including going after other countries that do trade with the Middle East power.

But with no end in sight to the ongoing global energy crisis, a wave of secondary food shortages are cresting on the horizon.  

So how is this affecting the economics of Australian farming? 

And how vulnerable are global food supplies?

Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.

You can read Ian's analysis on fuel and food shortages here.  

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.