Peace de Résistance

NAB Morning Call · Jun 25, 2026 · 15m

Friday 26th June 2026

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Crude oil prices are marching back up after a Singaporean tanker was fired upon in the Strait of Hormuz. NAB’s Ray Attrill joins Phil to talk through the market response to that and to the sharp move up in Micron stock after the chip maker provided stellar forward guidance. Meanwhile, core U.S. PCE inflation printed exactly as expected at 0.3% monthly, nudging the annual rate up to 3.4% and cementing a restrictive Fed baseline. Closer to home, they look at the Australian…