FEAR & GREED | Business News Oil, gold set to surge after US strike; house prices flatline; PM take popularity hit
9 snips
Mar 1, 2026 A major US‑Israel strike and the killing of Iran’s leader and its likely global fallout top the agenda. Travel chaos and airport damage in the Gulf are unpacked. Markets brace for surging oil, gas, gold and defence stocks. Sydney and Melbourne house prices have flatlined while Perth leads growth. A blockbuster Hollywood takeover battle reshapes streaming and studio power.
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Assassination Sparks Regional Instability
- The US and Israel killed Iran's Supreme Leader, triggering regional strikes and heightening geopolitical instability.
- Michael Thompson and Sean Aylmer describe rapid escalation including attacks on Israel, Doha and Dubai and global demonstrations, increasing market uncertainty.
Avoid Cancelling Flights After Strikes
- Do not cancel flights immediately after geopolitical strikes because airlines must rebook or refund passengers if flights are disrupted.
- Sean Aylmer notes Emirates advised rebooking or refunds and travel insurance typically excludes acts of war.
Flight To Safety To Help Gold And Defense
- Risk-off flows will likely boost gold and defense stocks while pressuring the Aussie dollar.
- Bitcoin fell about 4% to US$63,000 over the weekend, suggesting traders expect a possibly short conflict, per Sean Aylmer.