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Monday: Oil and shipping inflation surges

Published 2 years, 2 months ago
Description

Oil prices surged through US$80/barrel over the weekend after US and UK air strikes against Houthi facilities in Yemen raised fears a wider war in the Middle East could choke off major shipping routes through the Red Sea and Persian Gulf.

In part one of our bonus deep-dive interview, ANZ Australia Senior Economist Adelaide Timbrell explains why demand for new office construction is much stronger than expected, even with more people working from home.


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