Simon Lazenby
speaker
279 appearances
6 recordings
4 series
first heard Mar 2026
last heard 18 Jun
Simon Lazenby’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Mar 2026 with 3.
Appearances
Thanks, Megan.
Thank you so much for having me.
Yeah, look, it's unquestionably good news that President Trump appears to have secured a ceasefire framework and obviously the reopening of the Straits of Hormuz.
And the markets have responded exactly as we would have expected.
Oil prices have fallen, stocks have rallied, and investors immediately priced out a significant amount of the geopolitical risk.
However, as you cautiously phrased the question, we shouldn't confuse a reduction in risk with the elimination of risk.
I think the agreement has now bought us time, but it doesn't yet eliminate the vulnerabilities.
We have to remember the Strait of Hormuz remains the most important choke point in the global economy.
One fifth of the world's oil and gas still move through that corridor.
So I think the lesson over the last several months is not that the danger has disappeared, but more that
how quickly inflation fears can return when a critical energy artery is threatened like this because energy isn't just what we pay at the pump it bleeds through into the broader economy it's food prices transportation and everything else so the markets at the moment are celebrating because the immediate crisis appears to be easing and I think that's reasonable but
the broader question still remains right a foreign policy crisis we now can become no can become an energy crisis which can fuel inflation and inflation obviously obviously puts issue on the debt problem which is one of the biggest issues we have so i think the deal has turned the temperature down for now but it hasn't changed the underlying vulnerabilities
It's going to be tough to work out.
You're absolutely right.
Inflation becomes entrenched.
When prices go up, they don't come down.
The only thing that really brings it down- They don't.
It's deflationary periods.
I think the last time we saw one was in 2008, lasted a couple of weeks.
So once prices are set in, they're set in.
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