Thursday: Oil & rates up as Trump ends ceasefire
About this episode
The episode discusses rising oil prices and rate hikes following US-Iran tensions, featuring an interview with ANZ's Daniel Hynes on LNG market challenges.
Oil prices rise as much as 9% after the US and Iran trade strikes, and after Donald Trump says negotiations to re-opening of the Strait of Hormuz are over. US and European rate hike expectations grow, and the Reserve Bank of New Zealand (RBNZ) hikes for the first time since 2023. In our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes explains why the scarcity of LNG tankers means global gas markets will take much longer to normalise than oil markets when, or if, the Strait of Hormuz re-opens. 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
- Monday: Brent nearer US$90 after new strikes
- Friday: AI boom forces Korea to start hiking
- Thursday: China's GDP growth disappoints
- Wednesday: Fed hike views fade after flat CPI
- Tuesday: Oil up 9% after Trump blocks Strait
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