Alec
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's not just don't sell or don't try and time when to get in.
It's just if things are moving quickly, get in.
Yeah, the ceasefire looks to be a little bit wobbly at the moment.
The UAE was attacked by a drone allegedly from Iran.
They haven't said it was, but I can't imagine who else it would have been.
The US sank six Iranian military ships and the Iranians fired on American ships because at the start of this week, they started Project Freedom.
which is the U.S.
Navy is starting to guide ships through the Strait of Hormuz to try and get a bit of flow back.
Iranians obviously not liking that and are firing on them.
That's not all, though.
OPEC, they've come out to say that they'll increase output by 188,000 barrels per day, but that is very...
a minuscule amount.
It's almost tokenistic.
And Brent Crude and West Texas are both still trading above $100.
So it's definitely not resolved by any stretch of the imagination.
The straight is still very much locked up.
The US are trying to do something about it.
I mean, yeah, it's no.
So the RBA has lifted rates, Ren, by 0.25% to 4.35% is the official cash rate here in Australia.
Now to put that in context,