Tuesday: Oil up 9% after Trump blocks Strait

Tuesday: Oil up 9% after Trump blocks Strait

July 13, 2026 · 10 min

About this episode

The episode discusses the impact of Donald Trump's blockade on oil prices and features an interview with Adam Boyton on Australia's economic growth.

Oil jumps 9% to US$83 a barrel after Donald Trump announced a US blockade of the Strait of Hormuz and a US toll of 20% of the value of cargo. India’s inflation is above forecasts. And China’s growth is slowing. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton asks an uncomfortable question about a slowing of Australia’s trend or potential growth rate. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

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