Oil back to triple digits
Friday 24th July 2026
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Oil is back into triple digits this morning as Houthis fire on Saudi vessels in the red Sea and reports of retaliatory action on Iran’s Qeshm Island. At the same time, equities have taken a hit after Alphabet and Telsa earnings. Shares for both are well down because, although revenues are strong, the cash-burn rate in each case is flagged as a major concern, and Tesla had to reduce prices to hold-up sales resulting in much lower margins. Phil talks to NAB’s Taylor Nugent about…
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