Oil higher as ceasefire breaks

About this episode

Phil Dobbie discusses rising oil prices and market unease due to geopolitical tensions and potential interest rate hikes.

Tuesday 5th May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB President Trump’s Operation Freedom, designed to escort vessels trapped in the Gulf, has got off to a shaky start. Iran claims they attacked a US warship (which the US denies), but nobody seems game enough to traverse the strait of Hormuz. Meanhwile the UAE has seen a number of drone attacks, So markets are uneasy today. On the home front, the RBA is very likely to lift rates today. NAB’s Sally Auld joins Phil to talk through it all. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Dobbie

Guest: Sally Auld

Topics covered

• oil prices
• Middle East conflict
• financial markets
• interest rates
• drone attacks

Keywords

• oil prices
• ceasefire
• Iran
• UAE
• RBA
• interest rates
• financial markets

Mentioned in this episode

Organizations: NAB, Iran, UAE

Places: Gulf, Hormuz

More episodes of NAB Morning Call

• Weekend Edition: Japan's High Flying Trapeze Act · June 12, 2026 · 26 min
• A mega TACO moment · June 11, 2026 · 15 min
• Paying the price of war · June 10, 2026 · 13 min
• Helicopter oil money, and hike-free RBA? · June 9, 2026 · 17 min
• Fed more certain, Gulf more unsettled · June 8, 2026 · 16 min
• Weekend Edition: Electrifying Australia · June 5, 2026 · 32 min