Alan Kohler on the odds of a recession

Oil prices are rising again, thanks to the conflict in the Persian Gulf spreading to the Red Sea. It's fuelling inflation around the world including in Australia where it has been stubbornly high meaning an interest rate rise is all but certain, when the Reserve Bank meets next week. Today, ABC Finance expert Alan Kohler on the squeeze on household budgets and the prospect of a recession. Featured: Alan Kohler, ABC finance expert and host of the ‘That's Business with Alan Kohler’ podcast