Xiing is Believing

NAB Morning Call · May 17, 2026 · 16m

Monday 17th May 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABJust when markets were hoping for a diplomatic breakthrough, it’s clear the Chinese leader sees it as America’s problem. Donald Trump’s blunt dismissal of the latest Iranian proposal has sent global markets into a dramatic tailspin. Phil talks to NAB’s Sally Auld about Friday's sharp risk-off move, which saw equities tumble and Brent crude surge toward $110 a barrel as the Polymarket odds of the Strait of Hormuz reopening this month collapsed to a measly 5%. While U.S. Treasury…