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Friday 27th March 2026
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Geopolitical uncertainty continues to dominate market sentiment as a five-day extension to President Trump’s ultimatum fails to produce a diplomatic breakthrough, with Tehran officially rejecting US peace proposals. NAB’s Ray Attrill joins Phil to analyse the resulting market volatility, including a rise in Brent crude up to $108, The pair discusses the "fear gauge" (VIX) currently sitting below 30 and what this indicates about market expectations for a potentially prolonged conflict and discuss why central banks like the Norges Bank are already pivoting toward a more hawkish stance as global inflation forecasts are revised upward.
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