Meanwhile, back in the Gulf

Friday 9th October 2026

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Risk-off sentiment dominated global markets as geopolitical tensions flared in the Persian Gulf. On today’s edition of the NAB Morning Call, NAB’s Ken Crompton joins Phil to discuss a turbulent session sparked by an attack on an oil tanker near Qatar, which sent Brent crude surging toward $104 a barrel alongside hurricane-related production cut. Energy cost spikes and tech sector drags—amplified by OpenAI revenue concerns and potential US visa restrictions—weighed heavily on equities. Meanwhile, what will hawkish signals from Fed Governor Christopher Waller mean for rate expectations?

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