Kicking off again

NAB Morning Call · Aug 6, 2026 · 14m

Friday 7th August 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABFighting has kicked off again in the Middle East, this time the Houthis attacking Saudi supported territory in Yemen, with a significant loss of life. Could this open up the troubles on another front, drawing Saudi Arabia further into the conflict. Meanwhile, a deal on the reopening the Strait still hasn’t happened. The net effect oil is back on the rise, and the Aussie dollar has lost ground. What happens next will be a focus today, along with labour market data for the US and…