A Crude Awakening

NAB Morning Call · Mar 8, 2026 · 14m

Monday 9th March 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe global economy is facing a volatile "double whammy" as intensifying conflict in the Middle East drives oil prices toward the $100 mark whilst the US labour market shows unexpected signs of cooling. Friday's US jobs data shocked markets with a loss of 92,000 jobs against expectations of growth, pushing the unemployment rate up to 4.4%. NAB’s Ken Crompton joins Phil today to discuss how, as Israel/US and Iran engage in retaliatory strikes on critical oil and desalination…