Energy Markets: Is This the Calm Before the Storm?
From CommBank View: Economics & Markets by LiSTNR
June 2, 2026 · 32 min · Season 2 · Episode 14
About this episode
The episode discusses the complacency in energy markets regarding the Iran conflict and its implications for oil prices and energy security.
Have energy markets become too complacent about the risks of the Iran conflict? Host Mandy Drury speaks with CommBank's Head of Commodities & Sustainability Research Vivek Dhar about why oil and fuel prices have eased despite ongoing disruptions in the Strait of Hormuz. They discuss the role of global inventories, the risk of another energy price shock, and why the next few weeks could prove critical for oil markets. They also explore what higher energy prices mean for Australian households and businesses, the outlook for petrol, gas and electricity prices, and how the crisis is reshaping the conversation around energy security, electrification and the transition to a lower-carbon economy. Plus, CommBank’s Associate International Economist & Currency Strategist Samara Hammoud shares the key focuses for markets this week. Important Information This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at…
People in this episode
Host: Mandy Drury
Guest: Vivek Dhar
Topics covered
- energy markets
- oil prices
- Iran conflict
- energy security
- Australian households
- lower-carbon economy
Keywords
- energy markets
- oil prices
- Iran conflict
- energy security
- Australian households
- petrol prices
- gas prices
- electricity prices
- lower-carbon economy
Mentioned in this episode
Organizations: CommBank, Global Economic & Markets Research, Commonwealth Bank of Australia
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