Nick Marsh
speaker
847 appearances
17 recordings
4 series
first heard Dec 2025
last heard 17 Jun
Nick Marsh’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 17 in all, peaking in Mar 2026 with 4.
Appearances
Avaa S-mobiili ja tee lainahakemus.
Well, last week, the price of oil rose by about 20% in the space of a week.
This morning, it's risen by 25% in the space of a morning, Alex.
Things looked like they were starting to stabilise by the end of last week.
Traders may be thinking, look, let's wait and see.
Let's see what the weekend brings.
It looks like they've seen enough.
I mean, we saw those dramatic images over the weekend of oil and gas depots in flames across the Gulf in Iran itself.
You've got big oil producers basically saying, look, it's not worth producing all of this oil because it's not going past the Straits of Hormuz.
Iran is still very much in control of anything that passes Hormuz.
Through there, I was just looking at Iraq in particular, oil production has gone down by 70% there in the space of just a few days.
And then you had what, you know, Jeremy and Sarah were talking about there, you know, the naming of the successor of the Ayatollah, his son, another hardliner.
no indication that this is going to come to an end anytime soon.
So trading here, reflecting that very much so, barrel of Brent crude, for example, now touching $115 a barrel, a really remarkable surge.
And quite a stock market rout in Asia too.
Yeah, unsurprisingly, just looking now, the Nikkei index in Japan down around 7%.
The KOSPI in South Korea down around 7% as well.
They had to put in an emergency circuit breaker to suspend trading there, actually.
The reason's very simple.
About 90% of that oil and gas that's stuck near the Straits of Hormuz is bound for Asia.
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