The Open Bell — Ep. 071 — 29 Sept 2026
Today on The Open Bell:
Trump rejected Iran's offer to reopen the Strait of Hormuz, the narrow channel that carries a fifth of the world's oil, and Brent crude responded by surging past $107 a barrel, which means the world just chose the more expensive option.
Australia's central bank raised borrowing costs to their highest point since 2011, and the reason printed right there in the official statement is a war in the Middle East that has nothing to do with Australia's own economy.
Japan is warning currency traders to stop selling the yen, loudly and with apparent U.S. backing, but U.S. interest rates are still four times higher than Japan's, so traders are being paid handsomely to keep doing exactly what Tokyo is asking them to stop.
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Not investment advice. For informational purposes only.
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Chapters: 00:00 Introduction 00:09 Trump rejects Iran's Hormuz plan; Brent surges past $107 03:11 RBA raises cash rate to 4.60%, highest since 2011, citing oi 05:14 Japan warns markets on yen at 157; joint U.S.-Japan action f 07:03 Closing thoughts