Tuesday: Oil spikes after Iran breaks off talks

Tuesday: Oil spikes after Iran breaks off talks

From 5 in 5 with ANZ by ANZ

June 1, 2026 · 10 min

About this episode

The episode discusses the rise in oil prices following Iran's breakdown of talks and features an interview with ANZ's Chief Economist on the Australian economy's global position.

Oil rises as much as 7% after Iran breaks off talks and the two sides fire at each other. The US summer driving season is set to drive up oil prices from July. China’s manufacturing and services sectors are expanding. And US factories are humming. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga takes a wider and longer look at the Australian economy’s place in the world, including physically. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

People in this episode

Host: ANZ

Guest: Richard Yetsenga

Topics covered

  • oil prices
  • Iran talks
  • Australian economy
  • US economy
  • China manufacturing
  • economic analysis

Keywords

  • oil spikes
  • Iran
  • US economy
  • China manufacturing
  • Australian economy
  • Richard Yetsenga
  • economic analysis

Mentioned in this episode

Places: Iran, US, China, Australia

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