Carrington Clark

And so obviously they want the Strait of Hormuz open.

Do you think that puts pressure on Donald Trump to try to get this sorted before he goes to China?

Yeah.

And this brinkmanship, this Donald Trump suggesting earlier in the week that Iran would start seeing its pipes explode because they couldn't deal with the buildup of pressure because they couldn't get their oil anywhere.

We've heard those from some experts suggesting that actually that's a bit of a furphy, that you can wind down production at particular wells.

And Iran obviously has the capacity to do that, they say.

And so that three-day

threat or deadline that Donald Trump seemed to impose seemed to go nowhere.

Let's turn to the domestic economy, Alan.

We have had some fascinating updates from the two big supermarket giants, Woolies and Coles, and they're kind of echoing each other, aren't they?

I found this fascinating.

It came in the same week

that we received the inflation data showing Australian inflation is running at the highest level since September 2023.

What's fascinating about this information from Coles and Woolies is that this is almost real-time information, isn't it?

They're saying they're speaking to suppliers

Suppliers are asking for price increases because they're facing higher cost pressures.

They say we're going to feel the pinch first when it comes to the fresh items, you know, your bread, your veggies, your fruit, your milk, but that it will flow through.

Also updates from ANZ.

Qantas is changing its capacity.

It's a pretty gloomy picture, isn't it, that's being painted by these big Australian companies?