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Wednesday 27th May 2026
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Despite ongoing optimism around a potential peace deal, the U.S. literally "fired up" tensions by launching missile strikes against targets in southern Iran and mine-laying vessels in the Strait of Hormuz. That sent Brent Crude prices highr, back over $100, whilst WTI fell. It was a session filled with divisions: U.S. Treasury yields fell 6 basis points and tech stocks rallied, while European yields climbed and its major indices retreated. NAB’s Taylor Nugent says its more to do with who’s been on holiday on Monday rather than any significant geographic divide. Today the focus will be on Australia’s CPI and a speech by the RBA’s Carolyn Hewson.
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