Chanticleer Iran oil shock begins, AI job hit snowballs & the bravest float on the ASX
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Mar 13, 2026 They unpack an oil shock from Iran that is reverberating through markets and the real economy. They discuss mass AI-driven job cuts at a major Aussie tech firm and what that signals for corporate Australia. They follow a daring ASX float by a retail disruptor and why founders pushed to list amid volatility.
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Koala Goes Public Despite Market Chaos
- Koala completed a $68m IPO valuing it at $305m by selling ~20% despite volatile markets.
- It listed because founders and long-standing investors needed liquidity after delaying last year due to US-China tensions.
Oil Shock Spiked Then Stabilised
- The Iran war shut the Strait of Hormuz and sent Brent above $100, triggering a one-day crude spike up to ~30%.
- Markets initially panicked but largely steadied as hopes for a quick resolution and calming statements emerged.
Regional Economies Face Immediate Pain From Oil Cut
- The oil disruption is already affecting Asia: four-day workweeks, blackouts, prioritized household gas and manufacturing slowdowns.
- Australia's just-in-time fuel dependence transmits Persian Gulf shocks directly across the region.