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Thursday 23rd July 2026
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Oil continues to rise as diplomacy in the Gulf rapidly disappears. Donald Trump is now threatening retaliatory action each time Iran fires at a vessel in the Hormuz strait, whilst promising Saudi Arabia a deal to enrich uranium on their territory. Sally Auld joins Phil to talk through oil prices and inflation expectations, as well as examining UK CPI numbers, today’s Australian labour market data and what’s expected from the Bank of Canada. Plus, the first of the major tech earnings results after the market close in the US.
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