Laura Tingle

speaker

94 appearances 1 recordings 1 series first heard Jun 2026 last heard 30 Jun

Laura Tingle’s voice in public audio — every appearance, attributed to the second.

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ABC News Daily · Laura Tingle on what saved the global economy · 30 Jun 2026 podcast

It's a whirlwind, which I think

defies our use of the term ceasefire.

Yes.

I think it's pretty dubious that it is a ceasefire for one and I think the other thing is I don't think that you know there's any base level agreement which gives you room for confidence that anything has been agreed enough or that there's any scintilla of trust between the US and Iran which makes you think that there can be forward progress at this stage so it's just I think we're just in this absolute quagmire at the moment.

It was.

After a month or two, people were saying, the real experts in the oil market were saying, look, with this sort of cut off of oil, the price should be like 200 US dollars a barrel, not 100.

So it's been one of those crises and collapses where you

Any day now for a couple of months, you felt like you'd go to the Bowser and there'd just not be any petrol there.

There wouldn't be any aviation fuel, whatever.

And it didn't happen.

Well, it's back down below $100 a barrel.

And the forward markets are sort of suggesting it's probably going to stay there.

You point first...

Right.

So to say I point to it, I point to the International Energy Agency, which put out a really interesting paper last week about all of this.

And essentially it was pointing out that there was a bit of a glut in oil in the immediate period preceding

the outbreak of war.

Now, a lot of that was absorbed by China, which was really building up its reserves.

And we knew that when the war started, its reserves were much more substantial.

But despite that, you were already seeing this sort of softening of the influence of OPEC and just this glut because the world was starting to move to more renewables and other forms of energy.

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