D-day for Hormuz

NAB Morning Call · Mar 22, 2026 · 16m

Monday 23rd March 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABGeopolitical tensions have reached a boiling point as a high-stakes deadline looms for Iran to fully open the Strait of Hormuz or face the "obliteration" of its power plants by the US. Phil talks with NAB’s Rodrigo Catril to analyse a volatile Friday session where markets—already reeling from earlier energy infrastructure attacks—saw Brent crude surge past $112 a barrel and bond yields spike globally. Crucially, these major moves occurred ahead of the weekend's direct ultimatum…