Wednesday: Oil rises on Hormuz fears

Wednesday: Oil rises on Hormuz fears

April 28, 2026 · 9 min

About this episode

The episode discusses rising oil prices due to the closure of the Strait of Hormuz and features an interview with ANZ Economist Bansi Madhavani on potential Bank of Japan rate hikes.

Oil prices rise as the Strait of Hormuz remains shut, while stocks fall on AI fears. The Bank of Japan holds, but hawkishly. And Australian Q1 inflation today is set to back another hike by the RBA. In our deep-dive interview, ANZ Economist Bansi Madhavani assesses the likelihood of a Bank of Japan rate hike in June. 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: Bansi Madhavani

Topics covered

Keywords

Mentioned in this episode

Organizations: Bank of Japan, RBA

Places: Strait of Hormuz

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