Tuesday: Oil hits US$91/b after tankers attacked

Tuesday: Oil hits US$91/b after tankers attacked

July 20, 2026 · 9 min

About this episode

The episode discusses rising oil prices due to geopolitical tensions and features an interview with ANZ's Chief Economist analyzing economic impacts on Asia.

Oil prices rise as high as US$91/barrel overnight after Iran blows up two tankers and the Houthis blockade Saudi oil shipments via the Red Sea. The UK has a new Prime Minister who’s looking at a tax cut, and New Zealand inflation is set to hit 4% today. In our deep-dive interview, ANZ’s Chief Economist for Southeast Asia & India Sanjay Mathur analyses the effects of America’s exceptional economic and corporate profit growth on Asia’s economies. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

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