FEAR & GREED | Business News Afternoon Report | Oil release
Mar 13, 2026
Markets reacted to a spike in oil and the release of diesel reserves, pushing the ASX lower. A proposed $105 million Qantas settlement and removal of credit expiry dates were discussed. Iron ore shipments were rerouted amid Middle East tensions, lifting freight costs and ore prices. Rising inflation forecasts increased the odds of consecutive central bank rate rises.
AI Snips
Chapters
Transcript
Episode notes
Use Cash Or Hedges During Geopolitical Commodity Spikes
- Consider short-term hedges or cash buffers when geopolitical risk spurs commodity shocks and central bank tightening expectations.
- Sean Aylmer notes government will release diesel stock and lower minimum obligations to ease localized shortages, a tactical supply relief.
Market Drop Driven By Oil And Policy Shocks
- The ASX fell to its lowest weekly close since last year as Middle East tensions pushed oil above US$100 and raised rate-hike odds.
- Sean Aylmer links oil-driven inflation fears and China's iron ore policy to the market slide, with ASX 200 down 2.6% for the week.
Qantas Settles COVID Flight Credit Lawsuit
- Qantas agreed to a $105 million class-action settlement over COVID-era flight credits, subject to Federal Court approval.
- The carrier removed expiry dates in Aug 2023 and made no admission of liability as part of the deal.