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| | | ... $39.9 billion to $37.5 billion. "The broader market sell-off was driven by escalating Middle East tensions and the resulting oil shock," WAM said. "This shifted the domestic inflation and interest rate outlook, with the Reserve Bank of Australia minutes ... |
| | | | The ceasefire agreement between the US and Iran, confirmed by both parties, has seen an immediate market reaction with oil prices dipping below US$100 for the first time since the US launched its attacks. The agreement arrived a day after an ultimatum ... |
| | | | ... happens to markets if the risk of disruption to the Strait of Hormuz is now permanently higher?" Roughly a fifth of global oil supply passes through the Strait of Hormuz, making it one of the most sensitive pressure points in the global economy. VanEck ... |
| | | | ... priced for recession," he said. "There's plenty of room for even more adverse scenarios to play out. It does take time for oil shortages to make their way through the system." Colosimo noted the disruption in oil supply is more than just price increases. ... |
| | | | ... probability at the moment, Macquarie is also preparing its credit loss provisioning for a more dramatic scenario in which oil reaches $200 a barrel. US President Donald Trump recently paused attacks on Iranian energy plants for 10 days and said talks ... |
| | | | ... rate hike may not yet be a given. "This marginal easing sets a slightly lower baseline ahead of the impending impact of the oil shock driven by the Middle East conflict, suggesting the next RBA hike may not be until August," Robertson said. "The front ... |
| | | | ... destruction. Attacks on energy infrastructure and/or further signs the US is considering 'boots on the ground' could see oil prices soar, which would hurt both equity and bond markets," Bassanese said. "As we saw in 2022, if a global energy shock ... |
| | | | ... in the Middle East could trigger a larger shock that destabilises the global economy, particularly if supply disruptions to oil and other commodity markets are prolonged," the RBA warned, foreseeing the potential for a "severe international shock." Despite ... |
| | | | ... without the conflict [in the Middle East]," Chalmers said. "Around half of the impact to GDP is due to the impact of higher oil. The other half is due to broader consequences. "Treasury, with other agencies, is continuing to undertake detailed modelling ... |
| | | | ... consumer inflation expectations." Bassanese said he believes the conflict in the Middle East will have ended by May, meaning oil prices will be materially lower. "That said, my view is that this would still not be enough to stop the RBA hiking again ... |
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