Yesterday, I joined Paul Turton on ABC Newcastle Mornings to unpack the recent developments in the Middle East and their implications for global markets, with a specific focus on stock performance and oil prices.

In the current context, despite the heightened tensions between Israel and Iran, equity markets have shown resilience. Historically, markets tend to react more to uncertainty rather than the conflict itself – with stocks declining in anticipation of geopolitical events and rebounding when the situation becomes clearer.

We have seen investors shifting toward so-called ‘safe havens’ like gold and bitcoin amid fading confidence in the U.S. dollar. This trend reflects declining faith in U.S. fiscal policy.

We also touched on the implications for Australia should the price of oil change drastically.

Tune in from 36:45 – 45:48 to hear the full conversation.