About this episode

Iran has declared the Strait of Hormuz closed following US strikes, impacting oil prices and market focus on upcoming CPI data.

Oil prices are set to rise after Iran declared the Strait of Hormuz closed as the US hit 300 targets across Iran over the weekend. Donald Trump says the Strait is open. Markets will also focus this week on US CPI data for Fed rate hike signals. In our deep-dive interview, ANZ Commodity Strategist Soni Kumari explains how and why lithium producers are ramping up again. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

More episodes of 5 in 5 with ANZ

• Tuesday: Oil hits US$91/b after tankers attacked · July 20, 2026 · 9 min
• Monday: Brent nearer US$90 after new strikes · July 19, 2026 · 9 min
• Friday: AI boom forces Korea to start hiking · July 16, 2026 · 10 min
• Thursday: China's GDP growth disappoints · July 15, 2026 · 10 min
• Wednesday: Fed hike views fade after flat CPI · July 14, 2026 · 10 min
• Tuesday: Oil up 9% after Trump blocks Strait · July 13, 2026 · 10 min

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